Mapped: Short term loan shops in Scotland
Glasgow has the most short-term loans shops of any local authority in the UK.
High Cost Credit
A booming industry: Examining the rapid growth of the high cost credit industry and how it operates.
Latest from this investigation
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Payday loans companies charging up to 7,000% experience huge growth
Bureau research reveals Wonga not the only payday loan company making huge profits.
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Key findings
- At the start of the recession only one payday loans company had turnover of more than £50m. Now four companies have turnovers substantially over £100m.
- Five of the top 10 payday lenders examined record more than £10m pretax profits in their latest accounts.
- All but one of the 10 lenders more than doubled their turnovers in just three years.
- Lending Stream has increased its turnover by 42 times in three years.
- Wage Day Advance has increased its profits 32 times to £20m since the beginning of the recession.
- Wonga made more than £1m a week profit last year