A woman gives her opinion on payday loans
Media playback is unsupported on your device
Video

What do you think of payday loans?

The cost of pay day loans is to be limited by law. The government will amend the Banking Reform Bill currently going through Parliament to cap interest rates and fees.

At the moment charges can exceed 4,000% and there have been growing calls for tougher controls on the way some lenders operate.

Ben Wright went to Walworth Road in south London, home to several payday loan companies, to gauge what people think about these proposals.

  • 25 Nov 2013
  • From the section UK
Go to next video: New law to cap payday loans