A pension scheme
cataflam united states With over a million people expected to use costly pay day loans to pay for Christmas, this can't come soon enough. But to ensure credit is affordable for all, a cap on the cost of payday loans must also be accompanied by new alternative, cheaper and more sustainable ways of borrowing. To be effective, the cap itself must be inclusive of the total cost of a loan, to stop the lender passing it on in higher fees or hidden charges.