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Student hanged himself after becoming overwhelmed by debt to payday loan lenders with interest rates of 1,200%. Naseeb Chuhan, 21, from Leeds, was found hanged after his debts spiralled
Taking out a payday loan is a kind of financial Russian roulette which is devastating scores of families. The phenomenon is now thought to be worth £1 billion a year.
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::Credit:: Payday Loans. Q. I'm considering taking out a payday loan to help with some extra expenses. I like that these loans are relatively easy to get, but I've heard some really negative things about them.