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MSE News: Finally! Government to cap costs of payday loans

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Comments

  • LizzyByTheSea
    LizzyByTheSea Posts: 10 Forumite
    Having seen at close hand the spiral these sort of debts can lead to, I'm all in favour of a cap, or a return to limiting high interest rates. I'm sure that there are some people who use them once or twice and pay money back straightaway, but from what I've heard this seems to be the minority.
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