Debt in London

Meeting: 
MQT on 2012-11-21
Session date: 
November 21, 2012
Reference: 
2012/3756
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

You have previously noted that the rate of borrowing from high interest lenders such as Wonga is 'extortionate'. Furthermore, you have stated support for the London Debt Strategy Group and its work, especially the creation of a website pointing in the direction of credit unions and other ethical finance (MQ 2634/2012). Given the high visibility of high interest lenders through extensive, targeted advertising, will you promote the London Debt Strategy Group website more extensively so that people in London struggling with high levels of debt are fully aware of their options, and if so, how will you do this?

Answer

Answer for Debt in London

Answer for Debt in London

Answered By: 
The Mayor

Details of free debt advice provided by Capitalise, London's debt advice partnership and the www.londonmoney.org.uk website will continue to be publicised and promoted as part of the Mayor's Know Your Rights campaign.