Payday loans, despite decreasing in popularity in recent years, are still widely used throughout the UK. This has led to culture of using short term loans for luxuries, rather than necessities, and more often than not these loans will have a significant impact on the people applying for them.

Due to this, Online Mortgage Advisor have put together a list of ways in which a payday loan can impact your life focusing on all elements – from food and drink habits to sleep and physical health.

All of the data included has been sourced from places such as Moneysavingexpert and the Royal Society for Public Health.



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