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Chris got a logbook loan three years ago after falling into financial difficulties. He borrowed £3,600, but ended up owing £12,100.

He told 5 live's Sarah Brett and Nihal Arthanayake:

"The guy that came round did explain everything in full in regards to how much I would owe and what I would need to pay back every month".

But when he lost his job he got into a cycle of debt. He said the charges they put on the loan were 'insane'.

This clip is from Afternoon Edition on Wednesday 30 November 2016.