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Huge jump in Brits using down payday and loans that are short-term final year

Huge jump in Brits using down payday and loans that are short-term final year

An astonishing 5.4million cost that is high loans had been applied for into the 12 months to payday loan assistance June 2018, the newest information through the Financial Conduct Authority reveals

There has been a jump that is huge the sheer number of payday and short-term loans removed by borrowers.

An impressive 5.4million cost that is high loans had been applied for within the 12 months to June 2018, the newest data through the Financial Conduct Authority (FCA) reveals.

This even compares to 4.6million being taken away in the period that is same year before.

The total amount of cash being borrowed has additionally soared from just over ?1billion between July 2016 and June 2017 to just under ?1.3billion between July 2017 and June 2018. (more…)

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