Posted by | Category Blog | Date 15 January 2017

TV Review: War on Loan Sharks

This week, the BBC aired a documentary called "The War on Loan Sharks" which followed the day-to-day of the Illegal Money Lending Team (ILMT) and their investigations into loan sharking around Weston-super-Mare. There are 310,000 families that have turned to loan sharks in the UK and this is illegal side of lending is said to be worth around £400 million per year. The show looked at both sides of the

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Posted by | Category Blog | Date 09 January 2017

UK Household Unsecured Debt Reaches £13,000

Research by the TUC yesterday announced that UK households now have an average unsecured debt of £12,887, the highest it has been since December 2008. Being 'unsecured,' this refers to loans and types of credit where no security or collateral is required, making reference to credit cards, personal loans, finance for new cars and excludes account mortgages (as this is secured on your property). The BBC explained that unsecured debt

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