These "payday, doorstep and hire purchase lenders"...used by around three million people in Britain... One in ten UK payday customers have incomes of less than £11,100 per year...The APR for payday lenders often begins at 600% and can escalate to 2,500% or more. And home credit lenders, who make home visits in order to collect repayments for their short-term loans, can charge £82 in interest and collection charges for every £100 lent..."
When you think it is possible to get loans from credit unions for as low as 12.68%....
