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Huge increase in calls to debt charity about payday advances

Huge increase in calls to debt charity about payday advances

How many people stepping into economic difficulty with alleged payday loans doubled last year in comparison to 2010, one of many UK’s debt charities that are largest has stated.

The buyer Credit Counselling Service (CCCS) stated that how many those who contacted it year that is last issues over an online payday loan increased to 17,414 from 7,841 this season.

The group said since 2009 there has been a six-fold increase in the number of people approaching CCCS with payday loan debts.