Posted by: Alex Wellman04/01/2012
As nice as the festive break was, there is one strong reason to be happy to be back at work.
Not having been at home during the day, feet up and watching the TV for some time, I forgot how terrible the daytime television is.
Not really the programmes, but the awful adverts that incessantly bombard you with messages promising an easier life…in just a few easy payments.
King of the awful adverts are the notorious payday loan companies ones.
The shocking APR is hidden at the bottom while cartoon characters happily go about their lives. You would be forgiven for thinking they are a good thing.
I however, think the opposite.
Today we hear that a survey finds people are using payday loans more and more. In Shelter’s calculations there are 1 million people turning to this form of finance.
This figure is somewhat skewed by the fact the charity only surveyed 4,000-odd people – but you can see what they are getting at. Payday loans are bad.
The news becomes doubly bad when taken into account with the news that Save the Children are claiming that hundreds of thousands of families are not receiving their £120 Warm Homes Discount Scheme.
These families – those on annual salary of £12,000 or less – are probably some of the most likely to use payday loans. They are robbing Peter to pay Paul.
That is why it is not just essential that we fight these payday loans and push hard for the energy companies to find more customers for the Warm Homes Discount Scheme, but also keep pushing ahead with maintaining current properties.
As a sector we should always do the utmost we can and then push others to do what they can. That means ensuring homes are as warm, safe and reliable as possible.
After that, attention must go to other businesses or sectors and the effects they have on tenants.
From Can we fix it?
Alex Wellman takes a look at what’s going on in the social housing contracting sector