Do pay day loans help or harm people in debt?



Director and Producer:Tamara Novoa
Reporter:Nargiza Ryskulova
Camera and editor: Hege Otterholm

Over two third of the UK adults admitted to have debt problems in a study by The Co-operative Bank. Often those in debt fail to recognize the problem until they have accumulated more than one thousand pounds in overdrafts, credit cards and loans. Pay day shops designed to tide consumers over until their next pay check arrives are becoming increasingly popular. However some argue that they engage people in an endless cycle of debt

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