I speak to Una Farrell from the charity Step Change, about PayDay Loans. Please listen and pass on if you need help.

· The average monthly income of a client with payday loans is £1,320 per month, but the average payday loan debt is £1,657. Clients are being left in a position where monthly repayments would leave them with no money for living expenses and push them further into a spiral of indebtedness. · StepChange Debt Charity believes that this is clear evidence that loans are being made to people who are unable to afford to repay, and forces many people into an unsustainable cycle of dependency on payday loans. In one instance the charity were contacted by a couple with 36 payday loans between them. · Last year, 74 percent of those people seeking help with payday loans had a net annual income of less than £20,000. Last year 42 percent of clients aged under 25 had payday loan debts, up from 25 percent in 2011. http://www.stepchange.org/# #paydayloans #seandilley #DoT