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

Former_MSE_Helen · 2013-11-25 11:59:32

"George Osborne has today announced a cap on the costs of controversial payday loans..." Read the full story: Finally! Government to cap costs of payday loans Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

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LizzyByTheSea Posts: 10 Forumite

21 January 2014 at 6:28PM

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

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