I've been on the receiving end of a lot of stick because I've done an advert for a payday loan company. I think a lot to do with all this kerfuffle is that controversy seems to follow me around wherever I go, and I'm sure the irony of me giving out financial advice isn't lost on anyone who knows even a little bit about me and my life. I was made bankrupt, had my house repossessed and made some terrible decisions with money. All I would say is if you get a loan like that make sure you pay it back on time - there's nothing wrong with that!
Today's evidence from R3, the insolvency practitioners, that the rapid and rabid growth of Britain's payday loan industry is leading people to go hungry in order to repay these debts, is saddening but not surprising to me.