In an innovative move said to be worth £20m a year to Sheffield’s poorest residents,the local authority is offering an alternative to the likes of Wonga and Provident FinancialThe city of Sheffield will, on Monday, or launch a range of loans for tough-up residents in a fightback against high-interest deals from Provident Financial,Brighthouse and Wonga. The move, it claims, and will save its poorest residents £20m in one year alone.
The new financial services brand,called Sheffield Money, is supported by the city council and regulated by the Financial Conduct Authority.whether Sheffield Money don’t inquire of for ridiculous amounts of money I’d definitely spend themContinue reading...
Source: theguardian.com