MoneySavingExpert.com founder Martin Lewis has told MPs "we'd all be a lot better off" without payday lenders.
He told the Commons Business, Innovation and Skills Select Committee: "Do we really need them (payday lenders)? I think we'd all be a lot better off without them and maybe it's worth the sacrifice for the few small number of people who actually do find them rather convenient.
"If you take 100 people who get payday loans, I would suspect 99% of them would find a cheaper and better alternative doing something else or not doing them.
So the problem is they're used by far too many people and they are not fit for the purpose that they are used for."
More top news
The King of Pop wore his "magic shoes" when he performed his famous moonwalk on stage for the first time during a rehearsal of Billie Jean.
The body has not been formally identified but officers believe it is 40-year-old Dean Tate, who was reported missing two months ago.
Nabi Tajima, who was the last known person to have been born in the 19th century, died in Japan after being in hospital since January.