Loan sharks

I am being interviewed on local radio tomorrow morning about a new collection point that Ketts Credit Union is opening. So I thought I would do some research on borrowing money. I checked that if you borrowed £250 for 12 months from us it would cost £266,48, at an interest rate of just under 7%. Provident would charge you £455 at an interest rate of 272%, that was taken from their website.

It is horrifying and the government would not do anything about it, whu not because some these companies make big donations to the Tory Party. It is funny when they complain about the influenceof the unions on the Labour Party.


Also credit unions will pay dividends but only if they make any money and their are no fat cats sitting at the top taking large salaries. It is sad that even the chief executive of the Nationwide which is still a mutual, took home over £2,000,000, who needs that to live on?