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Payday loans – the lenders generally prefer to refer to them as short-term or microloans – are designed to tide borrowers over until their next pay cheque. The money is usually provided very quickly – Wonga boasts that it can pay cash into ...

Payday lenders charge up to 60 times more than true cost of loan

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LONDON, UNITED KINGDOM -- (Marketwire) -- 12/08/11 -- Unemployment is on the rise in the UK but many people are turning to part-time work to get by. Part-time workers qualify for Cash Genie's payday loans and can use them to temporarily boost ...

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US pay-day loan firms such as Speedy Cash are increasingly entering Britain's relatively unregulated market. DFC Global, which owns The Money Shop and two internet lenders, is now the UK's biggest pay-day lender by market share. In 1992, it had just one ...

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