FINANCE

Wee Glasgow Loan launched

Glasgow City Council (pictured) has launched a cheaper alternative to ‘payday’ lenders and loan sharks.

By Jamie Hailstone | 16 November 2016

Glasgow City Council (pictured) has launched a cheaper alternative to ‘payday' lenders and loan sharks.

The local authority has launched the Wee Glasgow Loan, which will be operated by the Pollok and BCD credit unions, and offer residents loans with a monthly interest rate of 2%.

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Popular articles by Jamie Hailstone

  1. Are STPs delivering the change agenda?
  2. It's all about relationships
  3. Turning challenges into opportunities
  4. Frugal authorities may be left exposed to more cuts
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