Many of you will remember some of Malcolm Harper's references to Wonga, a payday lender in the UK that has been charging shockingly high prices and growing by leaps and bounds.
Case study: 'I lied to get a £120 Wonga loan for a holiday'
When Elliott Gomme needed money for a holiday, he turned to payday lender Wonga.
He needed £120 and says he didn't have a problem convincing them to lend him cash by saying he worked full-time.
But the 20-year-old admitted lying on his application and told BBC Newsbeat it was "too easy" to be accepted.
He's now likely to be one of 330,000 people whose debts will be written off after a ruling that Wonga lent money to people who couldn't repay it.
"My bank couldn't give me an overdraft or anything, and so I went to [Wonga]," he says.
He received his money and went on holiday, but a few weeks later he says the firm started calling him and he says they were "constant".
"They were ringing me every day," he says. "They were telling me how much I owe and that there was added interest."
Elliot says that a few months later he was being told his debt had risen to more then £800 and it began to affect his day-to-day life.
He says the amount of the debt was making him feel depressed and that he had "no idea" what he would have done if this ruling hadn't come.
In Elliott's opinion, the whole process is too simple and he wants payday lending to be banned.
"It's so easy to go online and get one that you don't really look at the small print and they don't really tell you that much," he says.
Posted by: Chuck Waterfield <waterfield@microfin.com>
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