Second ‘fast cash’ store opens in Wisbech with a cautious welcome from councillors
A SECOND ‘fast cash’ shop has opened in Wisbech and received a cautious welcome from councillors.
Town councillor Stephen Brunton said: “Some may not like the fact that there is another money lending shop in the area but it does have its positives.
“I have known many people in the past who have turned to loan sharks, which is incredibly dangerous. These shops are a much safer solution.”
He was speaking following the opening of Cash Solutions in Horsefair and in the wake of the row before Christmas after The Money Shop opened a branch in Market Place.
The mayor, Councillor Jonathan Farmer, said: “It is a lot harder now to get a bank loan than it was say eight years ago. People with a history of using credit cards are now turning to places who offer quick loans.”
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Councillor Dave Patrick said: “If I could not, for example, financially support my own children I would rather they used these types of shops than loan sharks.”
Last year 123 people signed a petition opposed to the Money Shop which is still battling to secure planning permission after it opened before change of use was approved.
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The petition claimed the shop would “adversely affect the vitality and viability, the character and the attractiveness of the town centre”
The fact that a second store has opened in as many months could in fact leading to even more of them opening.
Cllr Farmer added: “I personally don’t like seeing money lending shops in the centre just as I don’t like seeing bookmakers for example. I would rather that they weren’t there.”
Cash Solutions has moved into the kiosk behind Card Factory Store which had previously been occupied by Bellybusters.