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Millions move to pay day loans, claim insolvency professionals

Millions move to pay day loans, claim insolvency professionals

Millions of Britons will likely sign up for a loan that is high-interest the second 6 months to endure them until payday, a small grouping of insolvency specialists claims.

R3, which represents «professionals using financially difficult individuals and organizations», bases its claim on interviews with 2,000 individuals.

John Lamidey, for the customer Finance Association, which represents loan that is payday, disputed the numbers.

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