Wednesday, 15 January 2014

Libraries block "payday loan" websites

WEBSITES for “payday loan” companies have been blocked on library computers in Solihull.

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Solihull Metropolitan Borough Council said councillors took the decision as “more and more people are getting into difficulty over payday loans”.

It said: “The websites of more than 200 payday loan firms such as Wonga and QuickQuid will no longer be accessible on computers within the borough’s 14 libraries.”

Cabinet Member for resources Robert Hulland said: “This is a timely move following the Christmas period when some people may be feeling extra financial pressure.

“Unfortunately, there are more and more people who are struggling financially, but these short term loans with their exorbitant interest rates are not the answer.”

The council is supporting plans for Solihull credit union which “may be able to offer people more affordable lending options” with interest rates capped at two per cent a month.