Home / Series / BBC Documentaries / Aired Order / Season 2013 / Episode 208

Young, British and Broke: The Truth about Payday Loans

With a million people set to use payday loans to pay for Christmas this year, Miquita Oliver goes undercover to find out the truth about Britain's most controversial type of borrowing and meets people whose loans have spiralled out of control, sometimes with devastating results. But for every person she talks to who is desperate for cash to survive, there are others just after money for new clothes and parties. So how much do people really understand about how these loans work, and what they are getting into? Miquita, who has had her own financial troubles, opens up her own payday loans shop rigged with secret cameras and hears startling stories of how these loans both exploit and are exploited by the people rushing to take them out. With the industry under scrutiny like never before, she tests whether lenders have cleaned up their act or whether some are still lending irresponsibly, creating big problems for the very people they are supposed to help.

English
  • Originally Aired December 3, 2013
  • Runtime 60 minutes
  • Content Rating United States of America TV-PG
  • Network BBC
  • Created July 25, 2014 by
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  • Modified July 25, 2014 by
    Administrator admin