Its only just gone 9am at the Stratford Centre in east London, but the debt advice centre in the shopping mall is already full.
Three miles from the gleaming towers of Canary Wharf in a former clothes shop, the borough of Newhams Moneyworks service helps residents struggling to make ends meet. Problems with high cost credit, payday lending and loan sharks are commonplace in this part of the capital.
According to research from the Money Advice Service, residents of Newham which stretches from the Olympic Park in the west to London City airport and the river in the south and almost to Barking in the east are the most likely in the country to be overburdened with debt. It calculates that almost one in four people in the area approxi…
Read the full article at: https://www.theguardian.com/business/2017/sep/18/britain-debt-hotspot-newham-borrowing