Cheap loans for the unemployed
Unemployed people could soon be offered cheap loans as an incentive to return to work as part of a new government initiative.
One of the primary reasons that unemployed people are discouraged from seeking reemployment is based on the belief that interest on any outstanding loans or credit will resume.
It is suggested that if a new job was offered to the long term unemployed, coupled with a low interest loan to enable debts to be paid back at a manageable rate. It would become a much more attractive incentive to return to work.
Recently published figures suggest a record 30,000 people entered into voluntary bankruptcy and last year the CAB handled over 1.4 million calls from consumers suffering with serious debt problems.
