Payday lenders are failing to conduct affordability checks after 65% of borrowers said they did not get asked about their financial situation when applying for a loan, according to new research. The study by Citizens Advice, of customers who took out 1,270 payday loans from more than 87 different payday lenders, revealed that seven in 10 were not able to pay back the loan. Customers who were not asked affordability questions and went on to have repayment problems then found that six in seven lenders did not offer to freeze interest and charges when the borrower agreed repayments.....Read more here