The nationwide Union of pupils has called on British universities and universities to ban ads for pay day loans, as three organizations forbid lenders that are payday marketing on campus. Hannah Al-Othman investigates the effect of high-street and internet lenders on pupils.
The payday financing industry in great britain is booming – individuals from all parts of society are switching increasingly to pay day loans, and pupils are not any exclusion.
But because the loans develop ever more popular, therefore too do they arrive under greater scrutiny. Final one of the market leaders, Wonga, came under fire for targeting pages on its website specifically at students, suggesting that its products may have advantages over traditional student loans year.