Lots of you have been getting in touch about your experience of payday loan companies. Here's what some of you had to say:
Why borrow in the first place, if you have to pay it back with in a matter of time? Why the hell don't you just save up in the first place - or just go with out!
Desperate times = desperate measures, some people are scared and makes them vulnerable.
Seriously, don't blame the company. You should know what your signing up to! If you can't afford to pay it back, why take out the loan in the first place.
You can have your say on our Facebook page. Don't forget to tell us where you're from when you comment.