£10 for Every Child in Glasgow to Combat Payday Loans Scourge, Says Leading Debt Advice Company
A study by Glasgow Council last year revealed that payday lenders were responsible for £57m of lending to around 100,000 Glaswegians, many of whom were already drowning in debt and being forced to seek debt advice and take up Scottish debt solutions such as Trust Deeds and Debt Arrangement Schemes. To help combat this, every child in Glasgow will have £10 deposited into a credit union account in their first year of secondary school, a sum that will be protected...
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