Town took out £15m, compared with £14.7m, despite vastly smaller population, data shows

The people of Romford in east London borrowed more money via payday loans in 2018 than the entire population of Leeds, according to official data.

A study based on the figures named Birmingham as “the payday loan capital of the UK”, with its residents borrowing a total of £37m in 2018 as their personal finances came under pressure.

Continue reading…