1. National

Clamp down on payday lenders

Britain's biggest payday lenders have been threatened with being put out of business after a damning report by the Office of Fair Trading uncovered evidence of "widespread irresponsible lending".

View all 24 updates ›

Payday lenders: Your views

We asked you if you had used payday loan services before and if so, had they helped?

Here are some of your replies:

  • Carly Michelle Jolley: They shouldn't be forced to change, they should be shut down!
  • Linda Keeler: Am using one now and definitely helps me,I only borrow what I can afford to repay and I have a site which tells me how much I will repay on the due date before I agree to the loan. I must admit that the interest rates could be lower than they are but overall very handy for emergencies.
  • Lili Millin: People don't have the choice with everything going up in price and not their wages, it's a vicious cycle... it's easy for people to say that people get themselves in these problems but when your bank won't help you... you have no choice.

Join the conversation on the ITV News Facebook page and on Twitter.

More top news