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Consumer groups criticise UK payday loans

Fast-growing industry accused of offering short-term loans with high-interest payments and targeting vulnerable.

Last Modified: 31 May 2013 17:12
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Consumer watchdogs in Britain have accused the UK's fast growing payday loan industry of targeting the most vulnerable people.

The companies offer short term loans with high interest repayments.

A government committee has also recommended tightening laws surrounding the $265bn loan industry.

Al Jazeera's Laurence Lee reports from Gillingham.

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Source:
Al Jazeera
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