Bolton Council is considering plans to open a high street shop selling white goods to help prevent residents falling prey to payday loan sharks, according to LG news
The proposal to set up a council-run business selling fridges, washing machines and dryers came about after research undertaken by Cllr Kate Lewis revealed most residents who sought financial help from payday lenders did so when vital home goods broke down.
Some £300,000 from Bolton’s £1m anti-poverty strategy fund has been earmarked for the project, which could see local credit union Hoot and the council offer people affordable credit for urgent needs.