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Pay day loans are capped. Now let’s tackle other high-cost credit

Pay day loans are capped. Now let’s tackle other high-cost credit

‘A limit from the total price of payday credit came into impact 2 yrs ago.’ Photograph: Dan Kitwood/Getty

We t’s maybe maybe maybe maybe not so long ago that newspapers were awash with horror tales of exactly exactly just how loans that are payday pressing individuals into dangerous rounds of financial obligation and fuelling a raft of social issues. The devastation caused by extortionate interest rates and the harassment waged on borrowers by helping thousands of people with payday loan problems, Citizens Advice saw at first hand.