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    This doesn't address the basic problem of payday loans, Barry.
    Sky News has explained in the recent past that these loans are taken out by people who are in a desperate need of money, but wouldn't have received a loan from the bank.

    Often it's people who already have a loan to pay, such as a mortgage, and can'r afford to miss out on a rate-payment, and not being able to pay for some other essential expenses, take out a payday loan.
    The interest rates on payday loans are extortionate, so the question is, why does a person have to pay extortionate interest on a short-tern loan?

    Adding to that, overdrawing on a credit card without prior agreement with the bank leads to interest rates that are equivalent to a hefty fine (1000-4000% interest a year).

    By explaining that everyone should get their finances in order and not take out loans in the first place, you're not showing any sign of practical knowledge of other people's economic situation.

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