documents and reports
Making the case for an end to high-cost credit
- Paying Over the Odds? This 2011 report from Church Action on Poverty looks at the many extra costs incurred by people in poverty - including extortionate interest rates.
- Scaling Up for Financial Inclusion This report examines the consequences of over-indebtedness and extortionate lending, and proposes a framework for delivering affordable and accessible financial services to low income households. You can download the four-page summary (20k pdf) or the (185k pdf)
- Analysis of Provident Financial and the case for an interest rate ceiling Accountant Richard Murphy looked through the accounts of doorstep lender Provident Financial and found a strong case for a legal limit to interest rates.