ABCUL 'delighted' with govt loan decision
www.moneynews.co.uk > Loans > ABCUL 'delighted' with govt loan decision
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ABCUL 'delighted' with govt loan decision
Mon 24th Sep 2007
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Funding of almost £3 million has been released to help specialist teams track down criminals, in an effort to improve financial inclusion.
Announced by business, enterprise and regulatory secretary John Hutton, the move is being undertaken in tandem with other initiatives to better communicate to people how to look after their money.
Mark Lyonette, chief executive of the Association of British Credit Unions Ltd (ABCUL), one of the organisations involved in such projects, described the latest funding plans as "fantastic news".
He added ABCUL and its members believe loan sharks represent "the scourge of less well off communities".
Personal debt has become an increasingly common problem for Britons, with cumulative debt well beyond the £1 trillion mark.
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