Budget: Government to tackle lending that is payday no-interest loan scheme

Budget: Government to tackle lending that is payday no-interest loan scheme

The us government is scheduled to introduce a no-interest that is new scheme pilot as a substitute for individuals who presently borrow from high-cost credit businesses. The government said that „for some people, even borrowing from social and community lenders can be unaffordable“ in its Budget documents. It’ll mate with financial obligation charities as well as the banking industry to give interest-free loans to those on low incomes.

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