Theo, Dalton, Andrea and Roslyn
Short-term lending is a valuable market for lenders, and is predicted to be worth $2bn annually by 2018 . Repeat borrowers made up 38% of payday loan recipients in 2015.
The ombudsman also revealed that those complaining about payday lenders included teachers, nurses, students and “even a handful of vets”, showing that this was an issue that affected people from “ all walks of life” .
*Repeat process for US and German Customers