Whilst the summer holidays may be in full swing, some families are already feeling the pinch with sending their children back to school.
The cost of school uniforms can be a real worry for many families, who are already under increasing pressure from the rising cost of living. According to The Children’s Society, the average uniform costs £315 per primary school pupil and £337 per secondary pupil.
Families who are struggling to make ends meet could be at risk of falling prey to predatory lenders who offer quick cash loans at astronomical rates.
These loans can lead people into long-term financial hardship, with exorbitant interest rates as high as 100,000% and threats that leave borrowers trapped in a cycle of debt for years. Loan sharks prey on all vulnerabilities, from emotional to financial or psychological.
They’ll do whatever it takes to get their money, no matter how ruthless and deadly the tactics. It’s important for parents to know about the dangers of loan sharks so they can protect themselves from opportunistic lenders and avoid falling into a vicious trap.
If you’re on a low income, you might be able to get help with some of the costs of sending your child to school, including school meals, transport and uniform. There are grants available for eligible families to cover the cost of free school meals and a contribution towards the cost of school uniforms. In addition to grants and other funds, many local councils have their own schemes to help with the cost of buying new school uniforms.
If you or someone you know has been affected by loan sharks, you can access confidential advice and support on the Stop Loan Sharks 24 Hour Helpline on 0300 555 2222 or online at www.stoploansharks.co.uk. Live chat is available on the website between 9am and 5pm, Monday to Friday.
