Loan Sharks
The Rise and Rise of Payday Lending
Book •
Carl Packman's 'Loan Sharks' delves into the exponential growth of the payday lending industry, particularly in the UK. The book documents the industry's rise with detailed evidence, highlighting its unchecked power.
Packman argues that payday lending, with its high-interest rates, traps consumers in debt cycles.
He contrasts the UK's relaxed regulations with other regions, like Florida, which have tracking systems to protect borrowers.
The book also explores the industry's resilience despite negative media coverage.
Packman advocates for proactive research and policymaking to address the issues caused by payday lending.
Packman argues that payday lending, with its high-interest rates, traps consumers in debt cycles.
He contrasts the UK's relaxed regulations with other regions, like Florida, which have tracking systems to protect borrowers.
The book also explores the industry's resilience despite negative media coverage.
Packman advocates for proactive research and policymaking to address the issues caused by payday lending.
