The UsuryFree Eye Opener

The UsuryFree Eye Opener is the electronic arm of the UsuryFree Network. It seeks active usuryfree creatives to help advance our mission of creating a usuryfree lifestyle for everyone on this planet. Our motto is 'peace and plenty before 2020.' The UsuryFree Eye Opener publishes not only articles related to the problems associated with our orthodox, usury-based 1/(s-i) system but also to the solutions as offered by active usuryfree creatives - and much more for your re-education.

Wednesday, October 23, 2013

Drowning In Debt - How Irresponsible Lenders Are Creating A Tidal Wave Of Misery

"Church Action on Poverty is a national ecumenical Christian social justice charity, committed to tackling poverty in the UK. We work in partnership with churches and with people in poverty themselves to find solutions to poverty, locally, nationally and globally. Further information can be found at Registered charity number 1079986. Company limited by guarantee, registered in England and Wales, number 3780243.

This report was researched and written by Helen Clifton, based on research undertaken by Damon Gibbons, the Centre for Responsible Credit, Church Action on Poverty and Thrive Teesside, with funding from Friends Provident Foundation.

Many thanks to Damon Gibbons at the Centre for Responsible Credit ( both his reports, ‘Does increased data sharing really benefit low-income consumers?’ and ‘Improving Practice in the Rent to Own Market’, both of which have formed the basis of this report. Thanks also to Tom Warren at the Bureau of Investigative Journalism ( for allowing us to use his research on payday loan companies. 

And finally, many, many thanks to the dedicated and passionate Thrive staff and volunteers, whose commitment and hard campaigning has secured significant and wide- ranging reform in the high-cost credit sector." (snip) ...

This report was first published by Church Action on Poverty in September 2013. Church Action on Poverty, Dale House, 35 Dale Street, Manchester M1 2HF

The report, and other resources on debt and credit, are available at

NOTE: Read and/or download the complete report at this website:


Post a Comment

<< Home