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IMPORTANT: Bing News RSS feed has moved!A survey suggests more than 3.5 million people are likely to take out a high-interest payday loan over the next six months. R3, which represents insolvency practitioners, questioned around 2,000 people and found 60% of those who had taken out a short-term ... Read morePayday loans 'cheaper than overdraft charges'He soon found Britons balked at the American “Hi! How are you!” approach and toned it down ... Capital dried up in the recession amid general risk aversion and a fear the payday loan industry would be hit by a wave of defaults. Read morePayday sector in search of new frontierAccording to R3, an organisation representing most of Britain's insolvency practitioners, more than 3.5 million people say they are likely to take out a so-called payday loan in the next six months. The Today programme's Andrew Hosken reports. Read morePayday loans on the riseRead more |