An astonishing 5.4million cost that is high loans had been applied for into the 12 months to June 2018, the newest data through the Financial Conduct Authority reveals
There is a huge jump in how many payday and short-term loans applied for by borrowers.
An impressive 5.4million high price credit loans had been applied for within the 12 months to June 2018, the most recent information through the Financial Conduct Authority (FCA) reveals.
This comes even close to 4.6million being taken down in the period that is same year before.
The quantity of cash being borrowed in addition has soared from simply over ?1billion between July 2016 and June 2017 to simply under ?1.3billion between July 2017 and June 2018.