Payday Loans on the Increase
Posted on Wednesday, June 25th, 2008 at 4:52pmWe graft away all day, sweating our guts out and getting moaned at by the boss, and we’re still short at the end of the month.
That’s what it’s like, anyway, if new research from moneysupermarket.com is anything to go by.
The online giant recently found that the number of people taking out payday loans has increased by a staggering 130% since last August, meaning masses of UK residents need to take out a loan just to survive until their wages arrive in the bank.
That seems a bit off to me, maybe it’s time I asked for a payrise. Now there’s a thought…
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