Action to curb loan firms is needed

HIGH-interest so-called pay day lenders add to the misery of people already experiencing financial difficulty.

Loading Comments
Share
Print

What may at first seem like a short-term respite can quickly turn into a nightmare with the debt racking up day by day.

We only need to look to the Citizens Advice Scotland report on the number of people seeking help as a result of such spiralling debts.

While there needs to be action on the underlying reasons why people are getting into unmanageable debt and turning to these lenders in the first place, the government is right to look at how to tackle the increased presence of these firms on our high streets.

The city council has already begun action to try and limit the activities of certain firms and is actively promoting credit unions as an alternative form of saving and borrowing.

However, the call from Bob Doris for a summit to tackle the issue is welcome, as is the agreement of the local Government Minister, Derek Mackay, who also wants to look at gambling outlets.

A connection has been made before here, and the co-operation of all agencies with powers to act is necessary if this phenomenon, which is sucking already scarce cash out of some of the most deprived communities, is to be effectively addressed.

Local government

Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

148590

Have you got a story?

Contact the news desk on 0141 302 6520 or email news@eveningtimes.co.uk
Games news:

Putting the world to rights

Gail's Gab

Well done John Barrowman for redefining the Glasgow kiss at the opening ceremony.

Times Out

Entertainment

Lifestyle

TV Advert
Cat’s Eyes on Glasgow

Cat’s Eyes on Glasgow

Cat Cubie’s job is to find and share with you the fabulous things the city has to offer, from gigs to gastro.

Janice Bell

Janice Bell

You Couldn't Make This Up

Cold blooded approach to enjoy Saturday night fever

Michelle McManus

Michelle McManus

Columnist Michelle McManus is Sussed in the City, and loves to chat about anything and everything.