The Salvation Army has 26 debt device centres and also offers online support. A recent report by the Centre for Social Justice indicates that in the UK over one million individuals are in the clutches of illegal lenders (loan sharks) charging up to 1,000 percent interest. Timely debt advice may have saved some from the loan sharks who engage in dubious practices to secure repayment. People may be in desperate need of cash urgently for food, debt repayment or rent and loan sharks offer a quick fix-at a price.
There needs to be far better access to debt advice. I believe a significant step along the road to alleviating at least some of the stresses of poverty would be the creation of a Salvation Army credit union, or at the very least promoting existing credit unions.
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