One in two payday loan customers had 'positive' experience

A poll of 2,000 UK adults by comparison site uSwitch.com found one in three borrowers would take a payday loan out again while more than half (51%) said the loans met short-term borrowing needs. However, one in five (18%) said the loans made their troubles worse, three in ten (29%) regretted taking one out, and half (53%) said payday loan companies should be better regulated. Some 45% said payday loan companies should be banned altogether. Short-term lenders were criticised last month by the Archbishop of Canterbury, who said he wanted 'to compete' them out of business. uSwitch....