Payday loan users warned to use them wisely

So you find yourself in a little bit of a financial bind. Your payday is two weeks away and your car needs 2 tires. Without your car you cannot get to work so this is an emergency of sorts. Since you live paycheck to paycheck you have no savings to fall back on. You only need about £200 but you have nowhere to turn to get it.

Your credit cards are maxed out and there is no one you could borrow it from. Your credit rating is such that no bank is going to give you a loan. So you … Read the rest