While Wonga recently said they were going to try to get into the business lending game, it looks like small firms are rejecting payday loan companies en masse, according to newly released research findings.
Labour MP and tireless consumer rights campaigner, Stella Creasy, has said that the new short term loans provider regulations as instituted by the government are only of ‘limited value’ in preventing payday advance lenders from trapping consumers in unmanageable prisons of debt.
If you’re fearful of running afoul of your creditors, especially those in the payday advance lending industry, you’re not alone – a new research project recently revealed that an overwhelming 93 per cent of Brits feel that they need to be protectedbetter from instant cash loan companies.
Don’t believe the hype when instant cash loan companies open their mouths about how their loans are only used occasionally by their customers: new research revealed that the majority of Brits who take out short term loans from payday lenders need to do so to pay household bills or essential items such as petrol and food.
The eye-watering interest rates instant cash loan providers charge their customers, sometimes as high as 4,000 to 6,000 per cent or even more, are sinfully high, according to the bishop of Durham.
A research study recently conducted by the payday advance lender claims that payday lending has become more and more important to Brits in order to help them ‘manage their financial affairs.’
Hi everyone, I’ve got a confession to make… Borrowing money from a payday loan company is quick and easy. There, I said it. In fact, the whole process is extremely convenient and often completed without you having to speak to (or justify yourself) to anyone. Pretty neat huh? Well, not always because things can (and DO) go wrong i’m afraid, which is why you need to take a closer look at your options BEFORE borrowing from a payday loan provider. In this video i’m going to run through the five best alternatives to taking out a payday loan. Each option has been picked because of their speed and convenience, yet
A instant cash loan information website has advanced an interesting and novel way of acquiring debt: take a loan out for cooking classes!
Hi everyone, I don’t think you’ll be surprised to hear that payday loans are a hot topic at the moment. Maybe it’s just me, but I can’t remember the last time I checked my daily news feed and there wasn’t something on the subject. Anyway, I’ve now posted up version 3 of this particular video, having added quite a bit since I originally recorded it a few months ago. Inside the video, I discuss how a payday loan is supposed to work and what they should NOT (ever) be used for. I also reveal the single biggest pitfall that so many unsuspecting customers fall into. I’m not sure how your
Payday advance lenders found to be charging as much as 6,000 per cent interest – and in some cases even more – were labeled as “greedy” recently by government ministers.