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21 May 2011 ~ Comments Off

Quick-fix loans can cost a fortune, but a rates cap may not be the answer

Business loans

Payday and other quick- fix loans may draw heavy criticism for sky-high interest rates and excessive fee structures, but they are proving popular with borrowers. New research from Moneysupermarket revealed that this month saw a 58 per cent increase in demand for payday loans compared to the same period last year.

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