Laura Sharman 09 November 2016

City bosses back credit union loan in Glasgow

City bosses back credit union loan in Glasgow image

A low-cost loan to help residents avoid costly payday lenders has been launched with support from Glasgow City Council.

The Wee Glasgow Loan has a low interest rate of 2% per month on a decreasing balance, and does not have the late repayment charges, hidden fees and long-term contracts associated with payday lenders.

Leader of Glasgow City Council, Cllr Frank McAveety, said: “We know that a high percentage of our citizens are unable to access mainstream credit due to poor credit history, low income and not knowing what the alternatives are. Consequently they are charged well over the odds for the cost of credit.

‘Now they will be able to borrow and payback based on their own particular financial circumstances and more importantly find out about more sound ways of saving and low-cost borrowing, to get in a financially steady situation.’

The new loan is operated by Pollok and BCD Credit Unions and supported by Glasgow City Council. Figures suggest that 100,000 people in the city regularly rely on high cost credit companies.

Open for business image

Open for business

Andrew Knowles and Leena Gillespie explain how local authorities can reshape the future of Britain’s challenged high street.
SIGN UP
For your free daily news bulletin
Highways jobs

Casual Fitness Class Instructor

North West Leicestershire District Council
£18.52 per hour - L2 & 3 Fitness Classes delivering on site
We are looking for fitness class instructors to deliver in leisure, community and outdoor settings as well as online for the Health and Wellbeing Team Coalville, Leicestershire
Recuriter: North West Leicestershire District Council

Casual Fitness Instructor

North West Leicestershire District Council
£9.44 Per hour
We are looking for fitness instructors to instruct in leisure, community and outdoor settings as well as online for the Health and Wellbeing Team. Coalville, Leicestershire
Recuriter: North West Leicestershire District Council

Casual Sports Coach

North West Leicestershire District Council
£9.44 per hour
We are looking for sports coaches to instruct in leisure, community and outdoor settings as well as online for the Health and Wellbeing Team. Coalville, Leicestershire
Recuriter: North West Leicestershire District Council

Service Manager - Fostering - North Essex

Essex County Council
Negotiable
North Essex Fostering are excited to be able to offer a Fixed Term Contract or secondment opportunity for a Service Manager post for the Fostering Tea England, Essex, Colchester
Recuriter: Essex County Council

Labour Group Political Assistant

Birmingham City Council
Up to £34,980
Are you confident dealing with the press, and providing political advice to senior local politicians? Birmingham, West Midlands
Recuriter: Birmingham City Council

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue