Spotlight on payday loans misery People across Scotland are being urged to consider credit unions as an ethical and affordable alternative to payday loans. The ‘12 Days of Debtmas’ campaign is aimed at people who may get into financial trouble in the run-up to Christmas by using high interest, short-term credit. Follow this link read more 12daysofdebtmas/ Over 350,000 people across Scotland are members of credit unions; co-operatives that are owned and managed by the people who use them. Members are encouraged to save monthly, even if it is only small sums. They can borrow at competitively priced rates and in some cases, in a short timescale. First Minister Alex Salmond recently announced plans to protect consumers pledging payday lenders would be subject to tougher regulation in an independent Scotland. Follow the link to read the full article. news.scotland.gov.uk/News/Spotlight-on-payday-loans-misery-643.aspx
Posted on: Tue, 19 Nov 2013 09:22:16 +0000
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