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The Consumer Council has just launched its new Payday Loans Guide, an educational guide to ‘Understanding Payday Loans’ as part of World Consumer Rights
This is due to the 42 per cent increase in high interest lending since 2007. The Payday Loans Guide called ‘Understanding Payday Loans’ is the first consumer education resource in the UK that will help consumers get to grips with how payday loans operate and the costs associated with this type of borrowing.