Riverside backs payday loans crackdown campaign

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Published by Riverside for Riverside in Housing and also in Communities

Social landlord Riverside is supporting a campaign for a shake-up of the payday lending industry after a survey revealed that almost half (48%) of those who have taken out payday loans can’t afford the repayments. The research by consumer campaigning charity Which? also revealed that 29% of payday loan users have taken out credit that they knew they couldn’t repay. In the last 12 months, 57% of people with payday loans have incurred charges after missing a repayment. Riverside is...

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