Fears are growing over the long-term implications of a recent sharp rise in the number of Scots taking out the loans, which charge annual interest of up to 4,000 per cent. Those unable to repay their loan face escalating charges that send them deeper into debt and further away from mainstream sources of finance.

If you need help or advice and are considering taking a payday loan, DONT you can reduce your debts by up to 80% and be debt free in just 5 years, visit debts.org now to talk to a friendly adviser http://ow.ly/b32pG