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Usury illusion: UK borrowers turn to payday loans despite govt crackdown
11.07.2013. | Eleven more British payday lenders have agreed to stop offering short-term loans as the government cracks down on firms charging onerous interest rates. However, many people still turn to lenders out of desperation.
Last year, stretched budgets meant that Britons took out 2 billion pounds worth of short-term loans.
It is a burgeoning industry,......
