Payday loan providers charge as much as 60 times a lot more than real price of loan

Studies have shown that 60% of people that took down an online payday loan have actually regretted your decision. Photograph: Richard Saker for the Guardian The actual expense of lending to short-term borrowers is significantly less than 2% for the quantity charged by Wonga, the most costly and highest profile lender that is payday. My Residence Finance, a not-for-profit organisation put up by...
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