Some sensible news from UK politicians: enforce greater control on companies offering payday loans

Payday loans have been widely criticised in the UK for targeting certain groups of people, particularly individuals who have a poor credit history due to large debts. These are exactly the kind of people that, when given the opportunity to receive these loans, fail to pay them back in time because they don’t take responsibility for their personal finances. The UK Government is demanding new policies to prevent these high street firms from taking advantage of vulnerable individuals.

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