The workplaces of Wonga, the loan that is payday, near Regent’s Park in London. Photograph: David Levene for the Guardian

E rrol Damelin, the mind of cash advance company Wonga, thinks a ВЈ200 loan can not get individuals into economic difficulty. The campaigners cry it is the a large number of % interest charged that leads to people operating up debts that are huge therefore allow’s cap it. However it is perhaps not the interest that leaves individuals without cash for eating, spend the lease or get to operate, a great deal while the withdrawal that is recurring of the payday loan provider will make from clients’ reports.