Legal loansharks are nothing new, and as the Daily Mail reports:
100 years ago today – December 20, 1912 - Edwardian Britons were plagued by the same crippling propositions.
Researchers who examined historic newspaper front pages have found loans of up to £5,000 – nearly half a million pounds in today’s money – were on offer to ‘all trustworthy persons’.
For the full story, click here.
And for more on payday lending in the here and now, check out Carl Packman's recently published Loan Sharks - The Rise and Rise of Payday Lending and look out for Damon Gibbon's forthcoming Solving Britain's Personal Debt Crisis.