Payday Loans are Capped. Now Let’s Tackle Other High-cost Credit


It’s not so long ago that newspapers were awash with horror stories of how payday loans were pushing people into dangerous cycles of debt and fuelling a raft of social problems. By helping thousands of people with payday loan problems, Citizens Advice saw at first hand the devastation caused by extortionate interest rates and the harassment waged on borrowers. Concerned by the behaviour of payday lenders – whose presence became ominously familiar in many a high street – we, along with other organisations, campaigned for robust political pressure to be directed at the scourge of payday lending.