Desperation causes people to go to high interest lenders, an expert has said. Tim Nichols, spokesperson for Child Poverty Action Group, an organisation that provides information about low-income families and the policies that affect them, claims that high interest rates can keep people "spiralling in debt" for years. He said: "People go to high interest rate lenders not so much because they see it as [an] attractive deal, but through desperation. "Families should always look first to sources like the social fund and crisis loans ... The government must also do more to make access to grants and affordable credit for the poorest families [easier]." Mr Nichols added that people should contact the companies they owe money to, such as utility firms, and explain the situation, as most will try to help. A recent report by Save the Children found that low income families pay more for basic goods and services then those who are better off. Amir HussainAmir specialises in personal loans, consumer debt and debt management.
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