No-interest loan scheme to help hard-up Brits

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No-interest loan scheme to help hard-up Brits to be launched

Credit: PA:Press AssociationThe Government says the short-term loans would be handed out to help cover any unexpected costs, such as falling behind on rent due to a loss of income.

Borrowers who are turned away from traditional high street lenders, for example because they have a poor credit history, often turn to creditors like doorstep lenders, which charge sky-high interest rates.IF you're in large amounts of debt it can be really worrying. Here are some tips from Citizens Advice on how you can take action.

Your rent, mortgage, council tax and energy bills should be paid first because the consequences can be more serious if you don't pay- If you’re struggling to pay your debts month after month it’s important you get advice as soon as possible, before they build up even further

 

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