Moves to tackle pay day loan debt

Rhondda Geekie
Rhondda Geekie

Council chiefs have agreed to a number of measures to help people trapped in a cycle of debt from pay day loans and their crippling interest charges.

East Dunbartonshire Council agreed to block access to Internet sites that offer pay day loans throughout the council’s IT network.

A motion put forward by council leader Rhondda Geekie also called on the UK Government and the Scottish Government to give local authorities the power to veto licences for high street credit agencies where they could have a negative economic and social impact.

They will also work proactively to support all local credit unions.

Councillor Geekie said: “We recognise the often devastating consequences pay day loans can have in our community and we will do all that we can to promote responsible lending and assist those who are struggling with mounting debt that accrues with a pay day loan.”

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