Please look at the item below
http://conservativehome.blogs.com/parliament/2011/07/tory-mps-debate-4500-interest-rates-charged-by-legal-lenders.html
It is a disgrace that it is legal to charge over 4,000% interest on loans.
It is with some pride that I say that I played a small part in the formation of Essex Savers Credit Union and also Kent Savers Credit Union. Credit unions are regulated and deposits with them are protected. Interest rates on loans are fair.
Go to the Association of British Credit Unions website for more information (link below)
http://www.abcul.org/home
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