Hmm sell Payday loan shares

[ZARDOZ]

So you are of limited means, you borrow £100 until payday and then pay £175 back next month out of your same pay cheque. the circle doesn't stop, you slip further & further into debt paying outrageous interest rates. Eventually you owe thousands and you are stuck.

Better to fall at the first hurdle and reach out to your credtors such as Council tax, Energy & credit card firms who are carefully watched t make sure they deal with those struggling properly. Yes there are bad examples of their behaviour but they are restricted in charges etc.

Most people are borrowing this money because they have a low income and/or they are poor managers of money. That is an issue that probably needs to be addressed before restricting Pay Day lenders.

There is a wider debate of how increasingly credit is being used to supplement the widening gap between incomes, prices and lifestyle expectations.

It is possible to get a 0% credit without even having a job. So we are talking borrowing of last resort here, which is always going to be expensive.