January 23, 2009

Payday loans have recently grown in popularity in the United Kingdom, a sign that families are struggling to keep up with their expenses. Between August 2007 and June 2008 the amount of  payday loans lent in the U.K. increased 130 percent.

When individuals and families start to struggle with finances, the country is usually not far behind. Sure enough, it’s official, the U.K. is in recession. So all you Americans who need payday loans to make ends meet, you’re not alone. Our English, Irish, Scottish and Welsh brothers and sisters feel our pain.

Source: personalmoneystore.com