Are pay day loans for students bleeding us dry?

Are pay day loans for students bleeding us dry?

The nationwide Union of pupils has called on UK universities and universities to ban ads for pay day loans, as three organizations forbid lenders that are payday marketing on campus. Hannah Al-Othman investigates the effect of high street and internet lenders on pupils.

The payday financing industry in great britain is booming – individuals from all walks of life are switching increasingly to pay day loans, and pupils are no exclusion.

But given that loans grow ever more popular, therefore too do they come under greater scrutiny. Final 12 months among the market leaders, Wonga, came under fire for focusing on pages on its web site especially at pupils, suggesting that its services and products could have advantages over conventional student education loans. (more…)

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