An increasing number of unemployed people are struggling with payday loans, a charity has warned. The Consumer Credit Counselling Service (CCCS) called on the industry to offer more protection to the jobless in a new code of conduct due later this week. There are no specific rules to stop a lender offering a short-term, high-interest loan to the unemployed. However, affordability checks should be carried out to ensure that a borrower has the ability to repay.

'Warning'
Payday loans have become increasingly more common in the UK, but concerns have been raised regularly by consumer groups worried that people are getting into a......Read more here: BBC News - Payday loans concern for jobless