A personal finance expert who warned MPs children risked being "groomed" by payday loan ads is "delighted" they have called for them to be banned during kids TV shows.
Founder of MoneySavingExpert.com Martin Lewis said children were so used to payday loan adverts they nagged their parents into getting one so they could buy them more toys.
– Martin Lewis found of MoneySavingExpert.com
From our own research, we know children ask their parents to get a payday loan to buy them toys.
Whilst parents have the power to say no, it's evidence that kids see this dangerous type of niche borrowing as part of everyday life.