Money & Business
Have we got Wonga wrong? A defence of payday loans
...Research, UK payday loan borrowers are most likely to be young adults with below average incomes, using payday loans with more savvy than is popularly depicted. In the UK, 67% have a household income of below £25,000 compared to the US where it is closer to 75%. Moreover, while payday borrowers in the US tend to be adults without bank accounts and with poor,...