We've had huge issues with payday loans in the UK. I've taken them out myself in the past and it's incredibly hard to get out of the spiral once you're stuck in often over 50% interest agreements. Payday loans prey on the most vulnerable and need strict regulation
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It’s easy to get underwater with payday loans. Payday lenders prey on vulnerable Nebraskans, including seniors, veterans, and communities of color, locking them in crushing cycles of debt.