New savings scheme to combat pay day lenders and loan sharks in Grimsby

An estimated 20% of people in low income areas have turned to illegal lenders.

There are fears over the numbers of Grimsby families drawn into debt due to unscrupuous pay day lenders or loansharks.

An estimated 20% of people in low income areas have turned to illegal lenders.

Now the area's credit union has launched a new savings scheme to encourage struggling families  to manage their money.

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