Are payday loans the new lending scandal?

Ever needed a short term loan? Felt pressured to take money on a short term loan? Could the new lending scandal be short payday loans with high interest rated.

Despite the flexible nature of the loans, there is concern that the most vulnerable in society are paying the highest interest rates of often several thousand percent.

Some think that the services on offer do provide a genuine benefit to those who need a small amount of cash for a short period of time.