Surge in payday advances raises issues about unsecured debt There is a jump that is sharp how many payday advances, increasing concerns about rising unsecured debt. Over 5.4 million pay day loans had been drawn in the season to June 2018, relating to economic regulator the Financial Conduct Authority (FCA). This comes even close to 4.6 million applied for the previous 12 months. The total amount lent has additionally increased somewhat. Within the 12 months to June the sum total worth of loans ended up being ?1.3 billion, up from ?1.1 billion between July 2016 and June 2017. The amount that is total ended up being ?2.1 billion. The loan…