Originally Posted by spanky
I was a little silly as a youngern and had a canny bit of debt (£10k ) all paid off now but I can't imagine being stuck with a pay day loan 1250-5000% apr!!
It must be horrendus I don't know how people who run these businesses sleep at night and why doesn't our government ban them?
People are well aware of the APR, so why ban them? If people wish to get themselves in more debt by submitting to get a payday loan with massive APR, which they know about, then that's their prerogative.