Alternatives to payday lending
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Alternatives to payday lending

If you are reading this you have been redirected by Leeds City Council from a payday lenders website.  We have done this because payday lenders, although offering a quick source of cash, often cause greater financial problems.

If you can't pay on the due date, they will roll the loan over for up to 3 months, but they'll then hit you even harder in the pocket.

A typical payday loan from a prominent payday lender of £200 over 30 days would cost £248 to repay in one lump sum. If you have to roll it over for up to 2 months, your debt will rise to £382.

There is an alternative

A payday loan from LCCU of £200 over 30 days would cost £206 to repay in one lump sum. If you have to roll it over for 2 months the debt will rise to £218.  Isn’t that what’s called a “no brainer!” 

If you are having money problems, details of sources of free, independent local advice can be found via the Money Information Centre.

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If you have any questions, get in touch with our Financial Inclusion team. ​


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