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Fears families could be 'forced into the hands of loan sharks'

  • 📰 Glasgow_Times
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Council leader Susan Aitken said “there is a real danger” that many relying on credit will turn to illegal lenders

More Glasgow families could be forced into the hands of loan sharks or payday lenders as it is predicted 95,000 households will survive on credit over coming months.

A council meeting heard social enterprise lender Scotcash, which is supported by the council, provides an alternative offering more affordable loans. She added: “Given the limited access many of them will have to regulated lenders because of their creditthere is a real danger that many of those people will feel the need to turn to illegal lenders.

 

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Glasgow fears over loan sharks as thousands struggle with cost of livingA council meeting hears 95,000 households in the Glasgow region will turn to credit in upcoming months and social enterprise lender is an option.
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