Authorities must do more to tackle payday loans

By Mark Conrad | 29 March 2017

One in 10 adults in some local authority areas have sought professional advice over their debt levels, a report has found.

The report by the House of Lords’ Financial Exclusion Committee, prompted calls for councils to do more to tackle payday lenders.

Peers concluded people become trapped in a cycle of debt because of the easy availability of high-cost loans or high-interest credit card deals.

Want full article access?


Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Already a subscriber? Login

Chief executives House of Lords Third sector
Top