Research from Citizens Advice shows that extending the same rules that cover payday loans to the doorstep lending market could prevent people getting into problem debt, and save up to £123 million in interest payments.
One in five people on a low income are using the most expensive form of credit to buy essential household appliances such as a fridge or washing machine, according to national poverty charity Turn2us.
A new initiative by The Arthur Rank Centre,The Plunkett Foundation and The Church of England's Mission and Public Affairs Division will extend the use of rural credit unions.