Studies have shown lending that is high-cost are booming, with very nearly 1,500 across UK, as banks close branches
The cash Shop, one of the greatest chains, has exploded from 168 stores into the springtime of 2006 to 564 in 2013. Photograph: Jonathan Nicholson/Demotix/Corbis
Great britain’s high streets will have one or more loan that is short-term for each and every seven banking institutions and building communities, relating to research ready for the Guardian, which ultimately sjust hows how high-cost moneylenders have grown to be a standard sight in lots of neighbourhoods.
Research by the Bureau of Investigative Journalism reveals that Glasgow may be the cash advance capital associated with UK, with 40 shops operated by the biggest quick-cash stores. Continue reading