KAREN ROWLINGSON

* School of Social Policy, University of Birmingham, Edgbaston, Birmingham, B15 2TT, e-mail: ku.ca.mahb@nosgnilwoR.K

LINDSEY APPLEYARD

** Centre for company in Society, Coventry University, Priory Street, Coventry, CV1 5FB, e-mail: ku.ca.yrtnevoc@3111ca

JODI GARDNER

*** Corpus Christi College, Merton Street, Oxford, OX1 4JF, e-mail: ku.ca.xo.ccc@rendrag.idoj

Abstract

Concern in regards to the use that is increasing of financing led the united kingdom’s Financial Conduct Authority to introduce landmark reforms in 2014/15. While these reforms have actually generally speaking been welcomed as a means of curbing ‘extortionate’ and ‘predatory’ lending, this paper presents a far more nuanced image predicated on a theoretically-informed analysis for the development and nature of payday financing along with initial and rigorous qualitative interviews with clients.