The devastating effects of exploitative Payday lending additionally the Christian response

The devastating effects of exploitative Payday lending additionally the Christian response

Individual financial obligation and pay day loans businesses have actually once again filled the pages regarding the papers this week. They are quickly becoming two for the defining dilemmas for this period of austerity our nation is certainly going through. The report that is latest through the Centre for Social Justice think tank released the other day entitled Maxed Out finds that bad folks are bearing the brunt of the storm which have seen unsecured personal debt nearly triple within the last two decades, reaching almost £160 billion today. Typical home financial obligation is currently £54,000 – almost twice the known degree of a decade ago. (more…)