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Crossfire: ‘Payday lenders and similar businesses provide an essential service at a reasonable price’
Payday lending in the UK and other developed countries usually involves small amounts lent for quite short periods and attracting high interest rates, and thus shares many of the features of microfinance. Russell Hamblin-Boone and Fraser Sutherland discuss the role of payday lending in the UK.
Payday lending in the UK and other developed countries usually involves small amounts lent for quite short periods and attracting high interest rates, and thus shares many of the features of microfinance. Russell Hamblin-Boone and Fraser Sutherland discuss the role of payday lending in the UK.
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