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Young, British and Broke: The Truth about Payday Loans

Miquita Oliver goes undercover to find out the truth about payday loans and meets people whose loans have spiralled out of control, sometimes with devastating results.

With a million people set to use payday loans to pay for Christmas this year, Miquita Oliver goes undercover to find out the truth about Britain's most controversial type of borrowing and meets people whose loans have spiralled out of control, sometimes with devastating results. But for every person she talks to who is desperate for cash to survive, there are others just after money for new clothes and parties. So how much do people really understand about how these loans work, and what they are getting into?

Miquita, who has had her own financial troubles, opens up her own payday loans shop rigged with secret cameras and hears startling stories of how these loans both exploit and are exploited by the people rushing to take them out. With the industry under scrutiny like never before, she tests whether lenders have cleaned up their act or whether some are still lending irresponsibly, creating big problems for the very people they are supposed to help.

1 hour

Last on

Thu 5 Dec 2013 02:05

Music Played

  • Plan B

    Prayin'

  • Eminem

    Love The Way You Lie (feat. Rihanna)

  • Eminem

    Lose Yourself

  • Eminem

    The Monster (feat. Rihanna)

  • Spiritualized

    I Think I'm In Love

  • Sneaker Pimps

    Underground

  • Two Lone Swordsmen

    Instrumental

  • Penguin Cafe Orchestra

    Yodel 2

  • Cezame

    A Road To Nowhere

  • Snow Patrol

    Set The Fire To The Third Bar (feat. Martha Wainwright)

  • Avicii

    Levels

  • Mogwai

    How to be a Werewolf (Xander Harris Remix)

  • Ben Pearce

    What I Might Do (Adam Shelton Remix)

  • Sigur R贸s

    Brennisteinn (Blanck Mass Remix)

  • Bat for Lashes

    Seal Jubilee

  • 9 Lives Music

    5 Star

  • Broken Social Scene

    All To All

  • Dr. Dre

    Forgot About Dre (feat. Eminem)

  • Daley

    Remember Me (feat. Jessie J)

  • Radiohead

    Reckoner

  • Sigur R贸s

    Isjaki

  • Daft Punk

    Motherboard

  • The Divine Comedy

    A Lady Of A Certain Age

  • London Grammar

    Darling Are You Gonna Leave Me

  • The Aliens

    She Don't Love Me No More

  • Lily Allen

    22

  • Jessie J

    Price Tag (feat. B.o.B)

  • Mercury Rev

    Holes

  • West One

    Driven

  • Kings of Leon

    Use Somebody - Acoustic

  • 9 Lives Music

    Alter Ego

Credits

Role Contributor
Presenter Miquita Oliver
Producer Steph Atkinson
Director Steph Atkinson
Executive Producer Rob Unsworth

Broadcasts

大象传媒 Consumer: Payday Loans

Find out about the10 things you should know before you take out a payday loan.