Chelsea and Fulham MP Greg Hands has signed up to his local credit union which has vowed to fight loan sharks on the doorstep.
The deputy chief whip became a member of YourCU during a visit to a pop-up session of the union at the TMO offices on the World’s End estate.
Cllr Read said: “We’re delighted Mr Hands has signed on the dotted line and supports the fight to ensure people on low incomes have access to affordable finance.
“We want to reach out to the many people out there who are paying a "poverty premium" for loans because they have limited options.
“Payday loans may provide a speedy short-term solution, but can create a very long-term problem and can increase debt.
“YourCU means local residents now have access to affordable finance, a bank account, and advice on how to manage their finances.”
The union covers an area of West London including Hammersmith & Fulham, Kensington & Chelsea and Westminster.
The union holds regular pop-up sessions at venues including at Dalgarno Community Centre in north Kensington, Beethoven Community Information Centre in Westminster, and TMO offices at the World’s End Estate.
For further information:
• on the web – www.yourcu.co.uk;
• telephone 0207 605 6341
• visit YourCU at 346 High Street, Kensington, W14 8NS.