Islington Council works with Debt Hackers to help people take over payday loan companies

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A pioneering initiative between Islington Council and the nonprofit Debt Hacker aims to help people get compensation from payday lenders and improve their credit scores.


Founder of Debt Hacker Alan Campbell, who distributes leaflets in Finsbury Park. Image: Islington Council
– Credit: Archant

To kick off the campaign and let people know where to get help, City Hall Treasurer Cllr Andy Hull joined debt hackers workers and volunteers in Finsbury Park on Monday.

Debt hackers allow people who have taken out a high interest payday loan to find out if they are eligible for compensation and refund unfair or prohibitive fees and interest.

Similar campaigns by for-profit claims management firms toppled payday loan giant Wonga, but this collaboration between a council, a nonprofit and local voluntary sector organization is the first of its kind.

It’s part of a bigger effort to help Islington people struggling with the cost of living. The council promotes affordable alternatives to payday lenders such as the London Capital Credit Union and provides advice and information on managing money, budgeting and debt.


The Debt Hackney team with Cllr Andy Hull, right, in Finsbury Park.  Image: Islington Council

The Debt Hackney team with Cllr Andy Hull, right, in Finsbury Park. Image: Islington Council
– Credit: Archant


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Cllr Hull said the payday loan industry “does a lot of damage”.

He said, “This joint initiative is an important step in holding payday lenders accountable and helping people deal with problem debt. Together with Debt Hacker, we are helping local residents to reclaim money from companies that have defrauded them and informing them about alternative, responsible lenders. “

Visit debthacker.co.uk/get-money-back to see if you are eligible for compensation.

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