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Infographic: Payday Loans – Who, What, Why?

This infographic from Instant Lolly, a leading UK payday loan broker, gives a great insight into payday loans – specifically who, what and why? Interestingly, it shows a comparison with unauthorised overdrafts – and the overdraft costs are not favourable, with the Lloyds/TSB as it was, coming out almost 100% more expensive than the average payday loan. You can find out more in their article The Payday Loan Manifesto.

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Source: Instant Lolly