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Four out of five use payday loans for food

calendar04 October 2013

Four out of five use payday loans for food

This week, we called for tighter regulation to protect vulnerable people from rogue payday lenders. Why? Because shocking new findings from our latest survey of those being helped by CAP show that four out of five people taking out a payday loan did so to afford food.

Our research was picked up by the media and published across the UK on a national and local level. We featured in The Independent, Guardian, Daily Mail, Yorkshire Post, Church Times and more. We were also featured on BBC Radio 4 and Premier Radio.

For links to these articles, hop over to our Press page, where you'll also find full press releases, including our response to the FCA's announcement about planned legislation on the payday lender industry.

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