Young, British and Broke: The Truth about Payday Loans
Miquita Oliver goes undercover to find out the truth about payday loans and meets people whose loans have spiralled out of control, sometimes with devastating results.
With a million people set to use payday loans to pay for Christmas this year, Miquita Oliver goes undercover to find out the truth about Britain's most controversial type of borrowing and meets people whose loans have spiralled out of control, sometimes with devastating results. But for every person she talks to who is desperate for cash to survive, there are others just after money for new clothes and parties. So how much do people really understand about how these loans work, and what they are getting into?
Miquita, who has had her own financial troubles, opens up her own payday loans shop rigged with secret cameras and hears startling stories of how these loans both exploit and are exploited by the people rushing to take them out. With the industry under scrutiny like never before, she tests whether lenders have cleaned up their act or whether some are still lending irresponsibly, creating big problems for the very people they are supposed to help.
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Music Played
Timings (where shown) are from the start of the programme in hours and minutes
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Plan B
Prayin'
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Eminem
Love The Way You Lie (feat. Rihanna)
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Eminem
Lose Yourself
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Eminem
The Monster (feat. Rihanna)
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Spiritualized
I Think I'm In Love
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Sneaker Pimps
Underground
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Two Lone Swordsmen
Instrumental
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Penguin Cafe Orchestra
Yodel 2
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Cezame
A Road To Nowhere
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Snow Patrol
Set The Fire To The Third Bar (feat. Martha Wainwright)
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Avicii
Levels
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Mogwai
How to be a Werewolf (Xander Harris Remix)
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Ben Pearce
What I Might Do (Adam Shelton Remix)
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Sigur Rós
Brennisteinn (Blanck Mass Remix)
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Bat for Lashes
Seal Jubilee
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9 Lives Music
5 Star
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Broken Social Scene
All To All
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Dr. Dre
Forgot About Dre (feat. Eminem)
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Daley
Remember Me (feat. Jessie J)
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Radiohead
Reckoner
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Sigur Rós
Isjaki
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Daft Punk
Motherboard
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The Divine Comedy
A Lady Of A Certain Age
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London Grammar
Darling Are You Gonna Leave Me
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The Aliens
She Don't Love Me No More
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Lily Allen
22
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Jessie J
Price Tag (feat. B.o.B)
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Mercury Rev
Holes
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West One
Driven
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Kings of Leon
Use Somebody - Acoustic
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9 Lives Music
Alter Ego
Credits
| Role | Contributor |
|---|---|
| Presenter | Miquita Oliver |
| Producer | Steph Atkinson |
| Director | Steph Atkinson |
| Executive Producer | Rob Unsworth |
BBC Consumer: Payday Loans
Find out about the10 things you should know before you take out a payday loan.