From the BBC website:

Nearly 500,000 Londoners intend to take out a payday loan to cover the cost of Christmas, according to insolvency advice experts.

The article goes on to quote Carl Packman, the author of the recently published book Loan Sharks:

"Families are getting themselves saddled with bad debt from payday lenders right now, so the government really needs to take action on this immediately".

To read the whole article goto:

http://www.bbc.co.uk/news/uk-england-london-20679074