How A Small Payday Loan Can Spiral Out Of Control

Wad of cash

This is the shocking story of how a tiny payday loan can quickly snowball into a huge debt.

As Google announces it will no longer advertise payday loan firms from July, George in Dartford called Darren Adam to tell of how his first payday loan of around £100 spiralled out of control.

Talking from bitter experience, George - now 24 but still struggling financially - says people him who can't repay on time are the payday lenders' "dream".

"These companies, it’s their dream that you don’t repay the loan, as I unfortunately didn’t,” he said.

Listen to the shocking tale of how a small loan can spiral out of control. 

Al Gore, speaking to James O'Brien on LBC

Al Gore Slams BBC For "Engaging In Climate Change Denial"

Shelagh had little time for Tom's claim people "should stick to their own group"

Remarkable Moment Shelagh Receives Call From A White Nationalist

Donald Trump has been criticised over his comments to North Korea

Trump Is Putting Our Lives In Danger, Guam Senator Tells LBC

The Sutton Estate, currently empty in Kensington and Chelsea

Enough Empty Council Flats In One Chelsea Block To House All Grenfell Families

Comments

Loading...