Provident to dump doorstep loans arm: Move will drive desperate borrowers into hands of loan sharks, experts warn

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Subprime lenders battle for survival as regulator takes harder line

With unemployment rates expected to rise sharply following the pandemic, the number of potential borrowers with poor credit files is only set to grow. But the sector that exploded after the last financial crisis is suddenly fighting for survival and there are few firms left to cater to the growing demand.

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