Media playback is unsupported on your device

Payday loan firms quizzed by MPs

5 November 2013 Last updated at 13:31 GMT

Payday loan companies have been defending their business practices before a group of MPs.

Wonga, and several other short-term loan companies, faced questions from the Business, Innovation and Skills Committee about how their industry works.

The high interest loans have faced criticism from many, including church leaders.

Simon Gompertz reports.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.