An impressive 5.4million high price credit loans were applied for into the 12 months to June 2018, the most recent information through the Financial Conduct Authority reveals

There has been a jump that is huge the sheer number of payday and short-term loans applied for by borrowers.

An astonishing 5.4million cost that is high loans had been applied for within the year to June 2018, the most recent information through the Financial Conduct Authority (FCA) reveals.

This even compares to 4.6million being taken call at the period that is same year before.

The total amount of cash being borrowed has also soared from simply over ?1billion between July 2016 and June 2017 to simply under ?1.3billion between July 2017 and June 2018. Continue reading →