Employee loan scheme launches to combat payday lenders

FAIRQUID, a new employee benefit loan scheme (EBL) that acts as an alternative to high-interest payday lenders, has unveiled ambitious national expansion plans.

Following a full trial of the EBL scheme in East Lancashire, FairQuid has  targeted Merseyside for the first stage of its roll-out programme.

It has teamed up with the Central Liverpool Credit Union to offer businesses and organisations the opportunity to give their workers access to low-cost borrowing and improved money management practices.
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