Cookies

We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.


Durham Research Online
You are in:

In whose interest? the dynamics of debt in poor households.

Flaherty, J. and Banks, S. (2013) 'In whose interest? the dynamics of debt in poor households.', Journal of poverty and social justice., 21 (3). pp. 219-232.

Abstract

This article examines the dynamics of credit and debt in low income households, drawing on an action research project with 24 households in the Teesside area of North East England. Despite crippling interest rates, high-cost credit sources (for example, doorstep lending, catalogue, rent-to-own and payday loan companies) are increasingly used by households that are excluded from mainstream financial services. The article discusses the range of credit sources used, reasons for reliance on high-cost credit and the exploitative practices of loan companies. It explores possible actions at household level through financial mentoring; the potential for developing alternative low-cost sources of credit; and campaigns for regulation of loan companies.

Item Type:Article
Additional Information:Author's post-print not to be cited.
Keywords:High-cost credit, Household debt, Low income households, Poverty.
Full text:(AM) Accepted Manuscript
Download PDF
(834Kb)
Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1332/175982713X13812262277493
Publisher statement:This is a post-peer-review, pre-copy edited version of an article published in Journal of Poverty and Social Justice. The definitive publisher-authenticated version Flaherty, J. and Banks, S. (2013) 'In whose interest? the dynamics of debt in poor households.', Journal of poverty and social justice., 21 (3). pp. 219-232 is available online at: http://dx.doi.org/10.1332/175982713X13812262277493
Record Created:19 Nov 2014 12:50
Last Modified:21 Nov 2014 12:34

Social bookmarking: del.icio.usConnoteaBibSonomyCiteULikeFacebookTwitterExport: EndNote, Zotero | BibTex
Look up in GoogleScholar | Find in a UK Library