Interest-free loans – Hammond’s plan to solve problem debt
Industry News | 28/10/18
Government says loans will help people trapped in debt caused by payday lenders.
The government is to explore the idea of zero-interest loans to help the millions of people trapped in a cycle of problem debt caused by borrowing from high-cost providers such as payday lenders.
Campaigners welcomed the development, but they called on the government to go further to protect low-income households from exploitative lending practices.
Source: The Guardian