Cash-strapped carers turn to payday lenders

Carers struggling with the financial burden of caring for Britain’s elderly and disabled are increasingly turning to payday lenders, new research has shown.

The cost of care is causing serious hardship for 6.5 million households where there is a family carer.

These people are spending their savings and taking out payday loans to keep float, according to a report published by Scottish Widows think tank the Centre for Modern Family.

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