Estimated reading time: five minutes

Payday financing schemes in britain are often vilified as expensive and exploitative, and many welcomed their legislation. But which shouldn’t function as final end of it. Karen Rowlingson, Lindsey Appleyard and Jodi Gardner argue we could learn from some aspects of their business model in order to improve others that we need to look closer at why people use these services in the first place, and suggest.

The total amount of credit extended via pay day loans increased ten-fold between 2006 and 2012, from ВЈ0.3 billion to ВЈ3.7 billion. [Read more…]