Leeds launches a new web war on the loan shark industry

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LEEDS City Council is today launching a brand new website as part of its ongoing war on illegal and high-interest lenders.

The high cost lending market in Leeds is now thought to be worth £90m. It is estimated that if the same people used more affordable credit instead, it would give struggling households an extra £60m to spend.

The new website, the Money Information Centre, will signpost people who might be looking for a quick-fix loan to free independent, financial and debt advice and more affordable credit facilities.

 

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