Man feels suicidal after racking up payday loans of £7,000

A vulnerable man from Nottinghamshire says he felt suicidal after racking up payday loans of £7,000.

He initially borrowed just £100 to pay off some bills but soon found the debt spiralling out of control.

Campaigners want tighter controls on payday lending. But one big lender based in Nottingham has today defended its practices. Our correspondent Peter Bearne has more.

Advertisement

Today's top stories