Payday lenders are providing a desired service

Mark Littlewood appears on BBC One's Sunday Morning Live

Mark Littlewood appeared on BBC One's Sunday Morning Live to discuss payday loans and the morality of banking.

Arguing that Wonga and other payday lenders are offering an alternative to 'thuggish' loan sharks, Mark Littlewood stated that these companies should be commended rather than vilified. These companies are providing a service that people need, however much that need is a wider societal problem payday lenders should not be blamed.

Watch the full programme here. Segment begins at 31:50.