Glasgow arrangements be the cause of all teen to battle cash advance
A study from the councillors enjoys projected one to poorer citizens lent ?57m just last year playing with payday loan people or other highest-focus, short-label lenders instance Wonga to finance go out-to-day life style will set you back and you may pay-off almost every other debts.
Brand new council states it will today promote the kid ?10, deposited in the a personal borrowing from the bank connection account after they start secondary college, in reducing debt dilemmas by the training teens about managing money. Borrowing unions try choice credit plans where members pond its offers and you may use from other.
Glasgow council would be to unlock a cards relationship make up all the teen in town once discovering that regarding the one hundred,000 Glaswegians explore highest-appeal payday loan providers, fuelling good spiral off financial obligation
The fresh program is launched since the charities told you statistics in the Scottish regulators showed son impoverishment levels was in fact “stagnating”. (περισσότερα…)