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Money Lending |
22 Dec 2006 |
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Tic ladies or credit agents are a part of life for many on low-incomes. They are such regular visitors to their customers’ homes that they almost become part of the family. The average loan is for around £120 and the interest rate can be as much as four hundred per cent. So why are they so popular and why do those on less money end up spending more for credit? Patti Atkinson who runs a credit agency in the North-East and Jan Pahl, Professor of Social Policy from Kent University discuss the phenomenon of the tic lady with Martha.
You can hear 'It's My Story' on BBC Radio 4 at 8pm on Thursday 28th December.Citizens Advice
ABCUL Credit Unions
BBC Radio 4: 'It's My Story'Disclaimer
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