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Jan
21st
2020

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 when you look at the 12 months to June 2018, the newest data through the Financial Conduct Authority reveals

There is a huge jump in how many payday and short-term loans applied for by borrowers.

An impressive 5.4million cost that is high loans had been applied for when you look at the year to June 2018, the most recent information through the Financial Conduct Authority (FCA) reveals.

This even compares to 4.6million being taken call at the exact same duration the year before.

The total amount of cash being borrowed in addition has soared from simply over ?1billion between July 2016 and June 2017 to simply under ?1.3billion between July 2017 and June 2018. READ MORE

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