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Payday loans: bishop attacks out at ‘sinful’ rates

Pointing out the latest 4,214% Annual percentage rate energized by UK’s highest profile small-name lender Wonga, brand new Rt Rev Justin Welby said his proper care try anybody would get accustomed to which “seriously incredible” quantity of interest and begin to think it absolutely was typical. “Mortgage loan of over cuatro,000% could have been noticed …

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