The impact of high cost credit on debt and wellbing

27th July 2017
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The Impact of High Cost Credit

There is a range of high cost credit - from payday loans to catalogues to doorstep lending. Citizens Advice Chesterfield has recently completed a briefing on the impacts of high cost credit.

The main types of high cost credit include:

There is no universal definition of high cost credit, but it can be said to be characterised by one or more of the following:

Chesterfield Citizens Advice Summary of Evidence:

Their recommendations:

For a full copy of their briefing document, click here .