MoneyPlus manager of insolvency Stephen Quinn argued that folks had been taking out fully pay day loans to delay the unavoidable.
“People are taking out fully not merely one pay day loan however, many payday advances, so they’re circulating their credit. They just just take one out of the first loan, they can’t spend that straight straight back so that they simply simply take down another the following thirty days to cover right back the initial one,” he said.
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