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Old 28.05.2014, 20:32
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Church working against Pay-Day Loan lenders

These are "popular" in the UK. Typically the loan is less than 10'000 and for less than a month.
However they are unsecured and not regulated, and interest rates can be VERY high. http://www.bbc.com/news/uk-25085299

Many poorer, unfortunate people, find they are paying 700 interest on a 1200 loan !!

Now there might be some unusual competition, good advice from the Church of England !
The church hopes to be able to steer people to credit institutes which are more honorable. http://www.bbc.com/news/business-27589517
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