Anger over payday loans firms that target women to borrow for cosmetic surgery

Payday loan firms have come under fire from watchdogs for promoting themselves as a quick and easy way to raise cash for shopping trips – and even cosmetic surgery. Financial Mail discovered several websites featuring pictures of young women laden with colourful shopping bags, though the industry claimed last week it was capable of ‘setting the standard of self-regulation and consumer credit’. One site suggests ‘cosmetic surgery’ as a reason for a loan. Payday loan firms – often criticised as legal loan sharks – are recognised as the lender of last resort for those who have run out of credit lines.....Read more here--: Expensive lenders tempt women to borrow, but firms want self-regulation | This is Money