MPs say tougher action is needed to clamp down on what they call "opaque and poorly regulated" payday lenders.

A Committee says some firms are targetting vulnerable people, who can end up losing their home.

It's calling for the government to limit the rolling over of payday loans - and ensure lenders record all transactions on a database.

Jackie Simpson from North Somerset Credit Union's told Nova News the interest rate can be as high as four thousand two hundred percent:

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