Let me make it clear about payday advances: have actually that they had their time?

Let me make it clear about payday advances: have actually that they had their time?

By Laura Rodrigues, Senior Public Policy Advocate

Payday lending exploded into the wake of increasingly extended incomes and tighter limitations on main-stream credit after the economic crisis almost a ten years ago.

By 2013 we had been seeing really bad practice with payday advances, including extensive reckless financing, loans being ‘rolled-over’ multiple times, and debts spiralling out of hand.Continue reading