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Loan Sharks - The Rise and Rise of Payday Lending

Carl Packman

5 ratings by Goodreads
ISBN 10: 1907720545 / ISBN 13: 9781907720543
Published by Searching Finance Ltd, 2012
Condition: Good Soft cover
From Books Express (Portsmouth, NH, U.S.A.)

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Title: Loan Sharks - The Rise and Rise of Payday ...

Publisher: Searching Finance Ltd

Publication Date: 2012

Binding: Paperback

Book Condition:Good

About this title

Synopsis:

Banks fall over themselves to lend to rich customers who promise large glittering deposits and low risks. They tempt them with sweet deals and low rates. The less well-off are treated very differently. Many at the bottom are denied credit from mainstream lenders, or forced to pay higher premiums. In the wake of the financial crisis, more of us are slipping into this category. We are compelled to find credit elsewhere. Payday loans are therefore on the rise. Loan Sharks lifts the lid on this industry and exposes the growing power that it wields. Documenting the rise of the industry with detailed evidence, Carl Packman shows that, although there have always been loan sharks, there has never anything as large and powerful as the current set of payday loan companies operating virtually unchecked in the mainstream of the UK. But this book goes further than simply analysing the problems: it also offers an honest discussion about practical solutions.

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