WEBSITES for “payday loan” companies have been blocked on
library computers in Solihull .
Click the headline or link below to read the rest of this story.
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.
