It’s early days so every milestone counts and – last night – we hit the first one: 50 members of the Facebook Group and counting.

Thanks to everybody who’s joined in so far. Not only can you take part at Facebook, you can also follow progress on Twitter at @2356percent.

As the Group grows in size, the next steps for the campaign will become important.

It’s only fair to invite ‘payday’ loan lenders to explain how they justify the interest rates that their loans attract, so I will be writing to the chief executives of quickquid.co.uk and wonga.com to do exactly that.

Thanks for joining in and keeping following!