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Extortionate rates of interest charged by 'wild west' payday loan lenders has left millions at risk of losing their homes or left in further debt, a damning report by MPs warns today. These controversial loans are meant to tide people over with a small sum of money, such as £100, until their next pay packet arrives. In reality they can fuel a spiralling debt problem due to the crippling interest rates of up to 16,000 per cent....Read more here--: Britain has become 'wild west' for payday loan lenders with millions at risk of losing their homes, MPs warn
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