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.

Source: InstantLolly.co.uk