MoneyMatters anti-payday loan roadshow planned for Liverpool
A roadshow offering advice to people to help them stay out of the clutches of payday lenders is on tour in Liverpool this week.
The MoneyMatters team will travel to some of the city’s most disadvantaged areas to provide debt advice and help open bank and credit union accounts.
The pre-Christmas surge comes days after the government’s Money Advice Service released a report indicating that one in 40 people it interviewed were considering going to a payday lender to help cover their expenses festive.
According to the study, one in ten people still repay payday loans they took out last year.
The roadshow is organized by Liverpool Mutual Homes (LMH).
Its Director of Assets and Business, Maggi Howard, said: “Christmas is a fun time, but financially it can be a worrying time for many and very stressful if money is tight.
“Some of our tenants are really struggling throughout the year due to the rising cost of living in general and the implications of new welfare reforms.
“We take our campervan to five communities so people can tell us about their situation, their concerns and get valuable advice.”
The roadshow will take place on Wednesday at the corner of Lambourne Road and Daneville Roadl Liverpool, in the Southern Neighborhood Council car park at Upper Mann Street, Dingle on Thursday, and in the Greenhouse Project car park on Lodge Lane on Friday.