Islington launches financial obligation Hacker campaign to aid borrowers get cash back from payday loan providers

Islington Council has today accompanied forces with Debt Hacker, the absolve to use, maybe not for profit service that can help borrowers to claim cash back from irresponsible payday lenders, in addition to helping them to correct their credit history.

The campaign launch occurs ‘Blue Monday’, supposedly probably the most depressing time of the season, not least because individuals are experiencing strapped for money following the additional investing the holiday season can often entail.

Alongside Debt Hacker, the council and charities that are local Islington’s Debt Coalition and information Alliance were from the roads of Finsbury Park this morning, permitting residents and commuters know about Debt Hacker’s on the web platform, in addition to signposting visitors to help available locally for working with problem financial obligation.

Debt Hacker enables those people who have applied for a high-interest cash advance to learn if they are eligible for settlement, recouping unjust or unaffordable fees and interest. Past campaigns by profit-making claims administration businesses brought straight down the payday giant Wonga. But this collaboration on the ground between not-for-profit Debt Hacker, Islington Council and neighborhood voluntary sector organisations is the very first of the type. It comes down as an element of a wider effort to help individuals into the borough who will be experiencing issue debt additionally the high price of residing. Read more