Talking Politics: Website ban on payday lenders is a good move

Halifax Town Hall
Halifax Town Hall
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As from 3/09/13 Calderdale Council will be banning access to ‘payday lenders’ websites from all council computer networks.

As from 3/09/13 Calderdale Council will be banning access to ‘payday lenders’ websites from all council computer networks.

This move has been brought about by the explosion in ‘payday loan lenders’ who charge extortionate rates of interest. I feel that this is a good move for Calderdale, because in these severe financial times when people have very little cash, or security in jobs, they still have their commitments to honour, which most people want to do rather than declare themselves bankrupt. So families try to make ends meet by taking out a ’30 day loan’ some of which charge 1900%, which does not cover the payment never mind the interest!

I really hope that the council will extend this policy to include all council publications, and advertising boards on council land.

I think we have a moral duty to try to protect those who are feeling the most pressure. A lot of people who are taking out these loans are not on the dole, but are hard working families where maybe both people are working, but still not managing their outgoings. As most of us have not had a pay rise for up to three years and with inflation rising as it has, even standing still is a strain on some budgets!

I would like to see the council advertise and put more funding into Calderdale Credit Union, which is a charity that will help people out at difficult times. If you make a small deposit and become a member of the Credit Union you can normally borrow as much as three times the limit that you have in your account, at very little interest.

The interest is used for staff and office expenses and to reinvest in helping other people. I would also urge anyone who may have a couple of hundred pounds in an account that’s paying nothing that they also open an account with the Credit Union. They will always be able to get their money back, but they will also be helping people who are having a hard time.