Unlike conventional financial institutions, payday loan providers do not charge compound interest.
Unlike conventional financial institutions, payday loan providers do not charge compound interest. Final updated on 3 2014 december In 2013, some 1.8 million individuals in the united kingdom took down around 10.2 million brand brand brand new short-term, high price pay day loans, well worth 2.8 billion, in accordance with the Competition and areas Authority.
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