Labour MP Bill Esterson joins forces with East Sefton Churches i

Sefton Central Labour MP Bill Esterson joins forces Fr John Smith from St Gregory's and East Sefton churches to tackle loan sharks.

Sefton Central Labour MP Bill Esterson has joined forces with churches in Lydiate to fight back against loan sharks.

Bill has been campaigning against loan sharks in Parliament.

The Labour MP signed a parliamentary motion which aims to stop people falling victim to extortionately high interest rates, while at the same time giving them access to affordable loans when they need it.

And he joined a cross-bench coalition calling on the government to cap the cost of credit, which will outlaw unscrupulous loan sharks.

Lydiate churches recently met to discuss ways in which they can help people in their communities, some of whom are paying interest rates to loan sharks in excess of 278%.

The churches are looking into the possibility of setting up a credit union.

Bill Esterson praised the churches for taking action.

Bill said: "The churches in Lydiate are taking a lead locally in combating this problem, which causes utter misery for far too many people in our community.

"These unscrupulous companies prey on people when they are at their most vulnerable and essential imprison them to years worth of debt and despair.

"That is why I have been working in Westminster to tackle the problem. And I am delighted to support Fr John Smith and his colleagues to tackle the problem locally.

"It is time the government stepped in to protect consumers here in Sefton Central as people have to find credit to help cope with household financial difficulties brought on by the rocketing cost of living and rising unemployment."

Bill said he would give his full backing to the creation of a credit union in Sefton.

Bill said: "Credit unions provide a vital service, helping people cope with financial difficulties and helping people sensibly manage their money.

"They provide an alternative to the costly pay day loans which we see liberally advertised in all our main high streets.

"I will do all I can to support any plans for a credit union for East Sefton and I will support any plans to help the people of Sefton Central falling victim of rip-off money lenders."

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