Home Children and Young People Back-to-school costs: avoid loan sharks

Back-to-school costs: avoid loan sharks

by Alison Cornmell

Knowsley Council is warning residents not to turn to loan sharks to pay for school uniforms.

Parents across Knowsley will be preparing for their children to return to school. However, for many it can be a struggle to afford the necessary clothing children need. Sadly loan sharks prey on parents’ and carers’ financial vulnerability, leaving people in the debt of illegal money lenders.

If you need to borrow money contact your local credit union for an affordable, ethical loan www.findyourcreditunion.co.uk/

Cllr Jayne Aston, Knowsley Council’s Cabinet Member for Resources said: “Providing your child or children with the correct uniform can be expensive. However, residents who need to borrow money are encouraged to only do this from legal and safe institutions. Loan sharks charge extortionate interest and repayment plans are often not realistic, so if you need financial help, contact your local credit union.”

For further info and advice visit https://www.stoploansharks.co.uk/ or call 0300 555 2222