British has a quick payday loan go shopping for every seven banking institutions and building communities

British has a quick payday loan go shopping for every seven banking institutions and building communities

Studies have shown high-cost financing shops are booming, with nearly 1,500 across UK, as banks close branches

The united kingdom’s high roads currently have one or more loan that is short-term for each and every seven banking institutions and building communities, based on research ready for the Guardian, which ultimately sjust hows how high-cost moneylenders have grown to be a common sight in a lot of neighbourhoods.

Research by the Bureau of Investigative Journalism reveals that Glasgow could be the pay day loan capital associated with the UK, with 40 shops operated by the biggest quick-cash stores. For a per capita basis, the London borough of Lewisham gets the many shops, with almost eight high-street lending shops for almost any 100,000 residents. Continue reading British has a quick payday loan go shopping for every seven banking institutions and building communities