Article on high-interest credit
Curriculum Article:
For a curriculum topic on contracts and debt that Leducate is delivering in schools, we are looking for an article discussing the pros and cons of high-interest credit, i.e. payday loans.
As an example, a positive point is that people might not be able to access credit from elsewhere, whereas a negative point is the high cost of that credit, with consideration of some of the reasons why it might be needed and the potential dangers.
The article should be max. 750 words and should be an accessible explanation of the issue, in simple terms for to engage 16-18-year-olds without a legal background.
Some initial sources of inspiration might be:
https://www.theguardian.com/business/2012/mar/01/wonga-real-cost-payday-loanhttps://www.theguardian.com/money/2011/dec/09/payday-loans-get-cheap-credit#maincontent
Be sure to let us know if you are interested in writing this article below.