Submission Documents: Payday Loans An article in this week's Falkirk Herald claimed there has been a doubling in the number of people making use of Payday Loan facilities. While disappointing in itself, it is the fact that average monthly income of clients of such companies was £1268 while their average debt was £1665! This is an unsustainable inequity. Motion That Council consider the introduction of Credit Union account facilities for all secondary school pupils about to leave full time education. (Glasgow City Council is/has introduced such a facility. Contact could be made with Glasgow to learn from their 'best practice' model.) Proposed by Councillors McCabe and Spears.
This is the list of documents available for the submission Payday Loans An article in this week's Falkirk Herald claimed there has been a doubling in the number of people making use of Payday Loan facilities. While disappointing in itself, it is the fact that average monthly income of clients of such companies was £1268 while their average debt was £1665! This is an unsustainable inequity. Motion That Council consider the introduction of Credit Union account facilities for all secondary school pupils about to leave full time education. (Glasgow City Council is/has introduced such a facility. Contact could be made with Glasgow to learn from their 'best practice' model.) Proposed by Councillors McCabe and Spears..
Click on the links to view the individual documents in PDF format.
Name | Type of Document | Access | View Document |
Item Minute - 26 June 2013 | Minute | Public |
(49 KB) |