You will find eight pay day loan stores, pawnbrokers and cheque cashers nestled involving the lb stores while the hire purchase shop, Brighthouse, in addition they all appear to be doing business that is brisk. Two companies, the amount of money Shop and Albermarle & Bond, have exposed two branches within a hundred or so yards.
The location normally frequented by the «bedlinen lady», a female whom takes packages of money folded into sheets to borrowers’ domiciles. «She gathers on a basis that is weekly and when individuals neglect to pay up, her sons come round,» claims Dan McDonald, leader associated with Medway people Advice bureau.
Ironically, provided the choice that is extensive it is not one of these brilliant that Medway few Michelle and David Reade came a cropper with. Rather they fell foul of Wonga, the internet loan that is short-term that promises to rival the traditional banks, and which sponsored a debate and a stand during the Lib Dem seminar a couple of weeks ago.