21 May 2008
Those who use payday loans in a bid to get by are adding to large-scale debt problems that are regularly seen in Britain, National Debtline has said.
Interest rates on these services are usually quite high and thus they should be avoided, spokeswoman Beccy Boden Wilks noted.
If consumers need to take out a payday loan then this is "symptomatic" of a larger problem, she remarked, so these people should analyse where they are going wrong.
She commented: "If anybody feels that you need to use those services, really, you need to sit down and look at your budget and see why that is."
Ms Boden Wilks remarked that a cycle can begin via which workers constantly spend their money before they have it, something that may interest those with personal loans.
And consumers paying more than they earn each month should look to be cutting down on this, she added.
National Debtline offers advice to those with financial problems throughout Wales, Scotland and England.