Payday loan websites blocked on Solihull library computers

Payday loan websites have been blocked on computers in all Solihull Council libraries.

The move comes following a notice of motion passed at Full Council on 3 December which noted that more and more people are getting into difficulty over payday loans.

The websites of more than 200 payday loan firms such as Wonga and QuickQuid will no longer be accessible on computers within the borough’s 14 libraries.

Cabinet Member for Resources, Councillor Robert Hulland said: “This is a timely move following the Christmas period when some people may be feeling extra financial pressure. Unfortunately, there are more and more people who are struggling financially, but these short term loans with their exorbitant interest rates are not the answer.

“We’re supporting the development of Solihull’s Advance credit union which may be able to offer people more affordable lending options. A credit union will help residents save and budget so they can access affordable loans and escape the trap of extortionate payday lenders. Credit Union interest rates are capped at 2% per month and help clear your debt over a reasonable period of time so that you are not constantly borrowing”

As well as blocking payday loan websites from library computers, the Council has also endorsed a Charter calling on the Financial Conduct Authority (FCA) to introduce tougher regulation of payday lenders. Residents can support the Charter by signing the online petition at: www.change.org/paydayloancharter

To Join Advance Credit Union Read our ‘Join’ page, or read more about our loan products.

For debt or budgeting advice callAdvice in our Area on 0121 703 0945 (10am to 2pm Monday to Friday).

More information about the help available locally is also available on the Council’s website at www.solihull.gov.uk/supporttosuccess