The £100 Payday Loan That Ended Up Costing £40k
Wednesday 23rd July 2014
This is the frightening story that will make you think twice about taking out a payday loan.
As Julia Hartley-Brewer was discussing what can be done to deal with the controversial lenders, she received this remarkable call, telling how a debt can spiral out of control.
This is the story of how a small loan of just £100 ended up costing one unlucky person £40,000.