Pay-day loans: earning money off their individuals misfortune?

Pay-day loans: earning money off their individuals misfortune?

Michelle and David Reade took down that loan from Wonga at 4,214% ??“ after which destroyed their jobs. Photograph: Richard Saker when it comes to Observer

F ew people survive into the end of this thirty days on the wage or benefits re re payment in Chatham, if the stores regarding the Medway city’s high-street are any such thing to pass by. You will find eight pay day loan stores, pawnbrokers and cheque cashers nestled between your lb shops and also the hire purchase shop, Brighthouse, plus they all appear to be doing business that is brisk.

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