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On his salary of £13,500 a year, he says he will pay it back "no problem. who wants them to "compete" payday lenders out of business. A few of them, such as the London Mutual Credit Union (LMCU), provide payday loans. For.

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After all, credit is just a few tabs away on mobile phone screens – the Ant Check Later service offered by Alibaba’s. Since regulators opened up the online credit market three years ago, the market has boomed: it grew from six billion.

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