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Cost of living crisis drives 3 million Brits to 'dangerous' loan sharks

The cost of living crisis has driven a staggering three million Brits to loan sharks, new research by Fair4All has found. ....

United Kingdom , Neil Kadagathur , Union Congress , Trade Union Congress , Debt Justice , Big Issue ,

Lack of credit access forces 6% of UK adults to turn to loan sharks

The UK's credit crisis has led to a surge in illegal lending, with 2.8 million people, especially the youth, facing predatory loan sharks. ....

United Kingdom , Neil Kadagathur , Centre For Social Justice , Social Justice ,

Young people most likely to get in debt with loan sharks, as data shows more turn to illegal lending

As many as 31% of people in the UK said they feel that there is nothing they can do to improve their financial situation, according to research from Creditspring. ....

United Kingdom , Matt Hartley , Neil Kadagathur , Money Pensions Service , Centre For Social Justice , Money Advice , National Debtline , Pensions Service , Money Advice Trust ,

3million at serious risk as they borrow from illegal lenders

3million at serious risk as they borrow from illegal lenders
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United Kingdom , Neil Kadagathur ,

Over 3 million Brits admit to borrowing from an illegal lender in the last year

Younger people are much more likely to turn to unregulated lenders with 13% of 18–34-year-olds borrowing from often predatory lenders in the last 12 months ....

United Kingdom , Neil Kadagathur , Centre For Social Justice , Retail Banker International , Social Justice ,