As Christmas approaches and we enter 2011 we should not forget that countless vulnerable families and individuals will face immense pressures on their household budgets (Report, 14 December). In the struggle to put food on the table and presents under the tree, increasing numbers will be forced to turn to high-cost lenders. These are the pay-day Scrooges, some of whom charge in excess of 2,500% APRs for payday lending or up to £82 for every £100 borrowed for door-to-door lending. This means a short-term loan of just a couple of hundred pounds can result in serious financial trouble.
Curb loan shark excesses for Christmas17 12 2010