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Millions move to pay day loans, claim insolvency professionals

Millions move to pay day loans, claim insolvency professionals 7 December 2011 Scores of Britons will probably sign up for a loan that is high-interest the following half a year to endure them until payday, a team of insolvency professionals claims. R3, which represents "professionals dealing with financially distressed people and organizations", bases its claim on interviews with 2,000 individuals. John Lamidey, regarding the customer Finance Association, which represents loan that is payday, disputed the numbers. (more…)

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