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
Michelle McManus

Michelle McManus

Sussed in the City

What a year for me...it’s a wonderful life!

Times Out

Entertainment

Lifestyle

TV Advert
Gail’s Gab

Gail’s Gab

Gail Sheridan is a mother-of-one and wife to Tommy and she likes to get political with the hot topic of the week in her column Gail’s Gab.

Games news:

Putting the world to rights

Gail's Gab

Preparing for Christmas and sparing a thought for Angelina Jolie

Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.