Some payday lenders are still failing to carry out basic checks to make sure borrowers can afford to pay back their loans, putting them at risk of serious debt problems.

Citizens Advice has reported on payday lending since the introduction of a cap on payday loan interest rates and fees in January 2015. Since then the number of payday loan problems has almost halved, and nearly 40 per cent of lenders have left the market.

These are significant improvements, but lenders are still not legally obliged to find out how much potential borrowers earn and spend before approving their applications.

If you’re thinking about taking out a payday loan it's important to find out the interest and charges before you borrow. Also make sure you are clear about what will happen if you can’t pay it back.

If you are struggling with payday loan debts or need advice on managing your money South Lakes Citizens Advice is here to help.

Free, confidential advice and help is available from South Lakes Citizens Advice on any aspect of debt, consumer problems, benefits, housing, employment or any other problems. We have various outlets across South Lakeland and can also give advice over the phone – telephone 015394 46464 for an appointment and help. South Lakes Citizens Advice is a registered charity, No: 1118656 and company limited by guarantee, No: 6113551. FRN: 617574