Payday Loans Rise in May

According to one of the leading comparison sites on the web, Moneysupermarket.com, they have seen a significant increase in the amount of Online Payday Loans Lenders applications through their site for the first two weeks of May this year. Short-term payday loan applications increased by 58% in the first two weeks of May, comparing with the first two weeks of April. An obvious answer and probable reason for this peak in borrowing is the seemingly endless amount of bank holidays that we had the pleasure of experiencing throughout the end of April and beginning of May, including of course the royal wedding. These inflated figures will include people with full time permanent jobs who will have spent just a bit too much

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