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If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.
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There should be a State-run lending scheme for people in need of of a loan for essential expenses. Each case would be considered by an authorised person, and the interest rate would be equal to inflation, at present about 5% a year.
All loan-sharking should be banned by law, and there should be a maximum interest rate set out through legislation.
One should not forget that to try to intimidate a person into repaying a loan is strictly against the law.
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