Few obligated to live in Ford Focus as pay day loan financial obligation spirals out of hand

Philip and Victoria Sherlock reside in car on commercial property near Wrexham after being evicted at home whenever high rates of interest see their debts spiral out of hand

A couple of claim they’ve been forced to reside in their automobile after pay day loans delivered them spiralling into debt.

Philip and Victoria Sherlock borrowed ?830 from loan providers to pay for their lease after he fell sick and had to quit their physically demanding task.

But interest that is high saw their debts spiral out of hand and, despite 32-year-old Mrs Sherlock accepting additional hours in the office, they certainly were evicted in February. (more…)