Suicide blamed on 1,200pc payday loans

♦ A university student committed suicide after getting in debt to payday loan lenders who charged 1,200 per cent interest, an inquest heard.

Naseeb Chuhan, 21, who was a first year human geography student at Leeds Beckett University, was found dead at a flat in the Yorkshire city on May 28 last year. Kuljit Chuhan, his father, told the inquest at Wakefield Coroner’s Court that he had discovered after his son’s death that he been granted a number of payday loans.

He said: “In my mind what begins as something quite innocent and just as a one-off and when you get to the end of that you realise you have overspent. I think it is something that slowly creeps up. I think that’s how payday loans work. I think he was tempted into it.”