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Payday loans: 'Never a borrower or a lender be'?

Host_Ryan - One Show team
September 26, 2008 4:51 PM

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Dom's been looking at the 'payday' loan. They've come to the attention of debt charities and action groups in the UK because of their ease of availability and high interest rates. Credit cards can be 15% APR. Payday loans? Try 1286%.

If you're struggling with debt, one source of advice is the National debtline.

Have you been stung by a payday loan? Should more people ignore the culture of easy credit? 'Never a borrower or a lender be'?

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