The increase of pay day loans replaces one debt bubble with another, nastier one
What type of bank does not help businesses that are good hard times? A poor one, writes Deborah Orr. Photograph: Rosie Hallam/Wonga
E extremely crisis brings its possibilities. It is paradoxical, yet not astonishing, that the credit crisis has furnished the opportunity when it comes to “alternative credit industry”. Few businesses that are new opening within the country’s high roads. But cash advance organizations have actually never ever had it so great. The pay day loan sector is now “worth” ВЈ1.7bn […]