Payday loans face limit after Citizens Advice warning
The number of people running into debt problems after taking out what are known as payday loans has quadrupled in just two years, according to the Citizen's Advice Bureau.
They say it is too easy to take out one of the unsecured loans which can have interest rates running at more than 1000% per year.
The government is looking into whether there should be a limit on how much interest can be charged, as Ben Ando reports.
08 Oct 2011
- From the section Business