Steve Perry
Media playback is unsupported on your device

'I took 64 payday loans worth £22,000'

Steve Perry ran into debt problems after taking out numerous short-term loans, from multiple suppliers, totalling £22,000.

The number of people falling into debt after taking out what are known as pay day loans has quadrupled in just two years, according to the Citizen's Advice Bureau.

The government is looking into whether there should be a limit on how much interest can be charged.

  • 08 Oct 2011
Go to next video: Payday loans cap considered