« Cost of Debtor Applications to Increase By 100% | Main | Sheriff Awards Record Bankruptcy Restriction Order »
Thursday
Apr192012

Advice Service Urges Debtors Not To Turn To Pay Day Loans

Shelter Scotland’s Tayside Housing Law and Debt Advice Project, which has operated from Dundee for over two years is urging local residents to seek help sooner rather than later and not to turn to payday loan firms after Tayside Police urged residents not to turn to illegal money lenders in these difficult times.

The service is available to people living across Dundee, Perth & Kinross, Angus, Stirling, Falkirk and Clackmannanshire and has helped over 300 families avoid eviction and repossession from their homes. 

Matt Locke of the service said:

“In these difficult times it doesn’t take much for household finances to go from being relatively secure to absolute crisis point. A growing number of families are living on a knife edge, with only a couple of pay-cheques standing between them and major financial difficulty.

“The Tayside families we help are struggling because of the recession and many feel they had no choice but to take out a payday loan to support their families. But it’s far from a solution. All such loans do is make the problem much worse in the long run.

“When things start collapsing around them, people often put their head in the sand. If they come to us sooner we can do more to help – there’s always hope.”

To contact the advice hotline, call 0344 515 2527 or email Tayside@shelter.org.uk


References (3)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Reader Comments (1)

It's great when organisations like Shelter step up and help local residents in time of financial need. As Matt Locke said, people have a tendency to bury their heads in the sand during times of financial difficulty. By coming out and saying what he has, he affords people the opportunity to seek help without feeling embarrassed.

July 2, 2012 | Unregistered CommenterRichard Hughes

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>