Nottingham City Council's loans tackle 'payday lending'
People under financial pressure in Nottingham are being offered emergency loans to help keep them away from payday and doorstep lenders with high interest rates.
The city council is backing £200,000 worth of loans, which are being handed out by a credit union. It comes after figures from the Office of National Statistics showed the city was the poorest in the UK in terms of disposable income.
03 Jun 2013
- From the section Nottingham