Debt problems with payday loans has more than doubled in 6 months.
Feb 08, 2013, 11:07 AM
The Citizens Advice Bureau has revealed that debt problems with payday loans has more than doubled in 6 months. Clients seeking financial advice who have these loans rose from 2% in 2011 to 10% in 2012. Some of these payday loans charge interest rates of over 4,000%. We hear from Rachel Crey of the CAB and the Chair of the Enterprise committee in Stormont, Patsy McGlone. #bbcnolan