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02/12/2014

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26/11/2014

Payday loans crackdown 'will hit the poor' and leave families without credit, claims think tank........

A government crackdown on legal “loan sharks” will leave poor families without any access to credit, despite being unable to manage on their shrinking incomes.

A study of the poorest families living in social housing in the Midlands, carried out by the Human City Institute think tank, found that the majority were in some form of debt. More than half (55 per cent) owed more than £1,000.

http://www.independent.co.uk/news/uk/home-news/payday-loans-crackdown-will-hit-the-poor-and-leave-families-without-credit-claims-think-tank-9844962.html