Loan Sharks and Car Insurance
The England Illegal Money Lending Team says it's seeing people turn to loan sharks to pay for food and fuel.
The official body which tackles loan sharks tells Money Box that for the first time in its almost 20 year history it is seeing people turn to loan sharks to pay for essentials like food and fuel. The England Illegal Money Lending Team investigates and prosecutes loan sharks and supports those threatened by them.
We report from Blackpool and visit a credit union - CLEVR Money - where people can borrow money legally and at reasonable cost.
Why some pensioners may have to pay tax next year on their state pension even if they have no other income.
A cost of living payment of Β£300 will drop into the bank accounts of people on means-tested benefits from Tuesday - find out who's eligible.
And what's driving a rise in the cost of car insurance?
Presenter: Paul Lewis
Reporter: Sarah Rogers
Researchers: Sandra Hardial and Jo Krasner
Editor: Jess Quayle
(First broadcast 12pm Saturday 28th October, 2023)
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- Sat 28 Oct 2023 12:04Βι¶ΉΤΌΕΔ Radio 4
- Sun 29 Oct 2023 21:00Βι¶ΉΤΌΕΔ Radio 4
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Money Box
The latest news from the world of personal finance