Interest in pay day loans is not going away. We have to measure and promote finance that is responsible.

This thirty days, for the first time the Financial Conduct Authority (FCA) released figures from the high-cost short-term credit market (HCSTC), and so they paint a picture that is worrying.

HCSTC (usually in the shape of a loan that is payday happens to be increasing since 2016 despite a reduction in the sheer number of loan providers. ВЈ1.3 billion ended up being lent in 5.4 million loans within the 12 months to 30 June 2018i. Plus »