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Late-night online access to credit is leading people to borrow more money than they can afford to repay, according to academics. Newcastle University researchers said a ban on online borrowing - primarily through payday loans - between 11pm and 7am could protect consumers. Money is often borrowed to fund late-night, impulse buying, they said. The option for people to block spending on gambling sites is already available on various apps. The research, funded by the Economic and Social Research Council (ESRC), warned that people were being encouraged to borrow more than they could pay back because sites were designed to give a false sense of control. It also found that people's mental health could be affected. Full story

23 May