Payday loans: bishop hits out at 'sinful' interest rates

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Payday loans: bishop hits out at 'sinful' interest rates

18 May 2012, 10:00

Payday loans: bishop hits out at 'sinful' interest rates

This is a duplicate of the Blog Entry made on 18th May 2012 09:54.

Bishop of Durham says interest rate of 4,000%, as charged by Wonga, has been considered 'usurious' since the time of Moses. The bishop of Durham has...

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Tags: 2012, debt, interest, interest rates, loans, payday, payday loans, rate, rates, size, wonga

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