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Church to 'offer alternative' to payday loan companies

Bishop of Liverpool Credit: ITV

A service run by the Church of England to help people with debt problems is being launched in Liverpool today.

The Church Credit Champions Network will be opened by the Bishop of Liverpool, the Rt Rev Paul Bayes, in their battle against pay day loans.

The CCCN has been set up to help churches to engage faithfully and effectively with issues of money, debt and credit in their communities.

"Desperate people have been exploited by unscrupulous credit providers locking them into a crippling spiral of debt.

"This is a concern of the church, of the Archbishop of Canterbury and of myself.

"We need a conversation and we need churches to champion a fresh moral vision the practice of credit.

"Liverpool is leading the way in being an alternative, supporting Credit Unions and most importantly helping those in need.

"I pray that our churches continue to be beacons of light and champions of justice in this area".

– Bishop of Liverpool, Rt Rev Paul Bayes