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    Payday lenders are profiting from people struggling financially due to government cuts, with some charging interest rates over 16,000%. As unemployment rises and banks deny credit to vulnerable people, high streets are filling with predatory lenders exploiting those in need. The document calls for opposing loan sharks and campaigns against austerity cuts.

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    131113 loan sharks

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    131113 loan sharks

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    Payday lenders are profiting from people struggling financially due to government cuts, with some charging interest rates over 16,000%. As unemployment rises and banks deny credit to vulnerable people, high streets are filling with predatory lenders exploiting those in need. The document calls for opposing loan sharks and campaigns against austerity cuts.

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    11 views1 page

    Loan Sharks

    Uploaded by

    pastetable
    Payday lenders are profiting from people struggling financially due to government cuts, with some charging interest rates over 16,000%. As unemployment rises and banks deny credit to vulnerable people, high streets are filling with predatory lenders exploiting those in need. The document calls for opposing loan sharks and campaigns against austerity cuts.

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    Download as PDF, TXT or read online from Scribd
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    TORIES CUTS PUSH WORKERS INTO LOAN SHARKS TRAP

    Payday lenders such Wonga are making their profits on those struggling to make ends meet on a daily basis, with outrageous rates of interest. One lender is reported to be charging an APR of 16,534 per cent and another 17,203 per cent! As cuts bite and unemployment sharply increases with banks refusing credit to the most vulnerable, our high streets are increasingly playing host to this new breed of vultures. We say NO TO LOAN SHARKS and support all local and national campaigns against the ConDem cuts.

    JOIN THE SWP!


    Name Address Union Donation to SW Please let me know about future Socialist Worker events (phone/email)

    Return to: Socialist Worker PO BOX 42184, London, SW8 2WD.

    This petition has been initiated by Socialist Worker www.socialistworker.co.uk

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