Poorest set to pay loan sharks £82m

ABOUT 100,000 of the UK's poorest families will be crippled with £82 million of debt after borrowing from loan sharks to fund the cost of Christmas, research claimed today.

By The Newsroom

Published 14th Jan 2010, 20:41 BST

Updated 14th Jan 2010, 20:46 BST

It is estimated people on low incomes borrowed 29m from illegal lenders to fund the festive season, but interest rates of up to 1,500 per cent makes repayments soar.