Which Way to Pay Looks out for Consumers and Does the Research for Them
According to Consumer Focus estimates, 1.2 million consumers in the United Kingdom turned to payday loans in 2009, the latest year estimates are available for. The Office of Fair Trading formally reviewed this industry also and found that £900 million was taken out in payday loans in 2008 with an estimated £1.8 billion being lent to consumers in 2012.
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