Ever ready to lend a helping hand to anybody who is hard up for cash, the well known instant cash loan company, Wonga, has just launched a new initiative to make its loans available to small businesses – or SMEs – as well as its ordinary customers.
Monthly Archives: May 2012
Major instant cash loan provider launches SME lending service
One major instant cash loan provider in the UK has recently announced it is launching a new lending service specifically designed to provide credit to small businesses, remarking that the gap left by traditional lenders needed to be filled in order to foster the kind of economic growth that has been absent since high street lenders have scaled back their access to credit.
Payday loan company warns of potential fraudsters
The short term loans company “Lending Stream” has put out a public warning to customers and the general public about the increasing possibility of fraud perpetrated by people who pretend to be legitimate instant cash loan or personal loans lenders.
New initiative to counter “loan sharks”
In an effort to counter the influence of short term loans companies and so called “loan sharks”, a former councillor in Leatherhead has helped to set up a credit union.
New credit union slated for Leatherhead
One town in the South East is soon to have its own credit union thanks to the aid of a former councillor concerned with the amount of companies offering high interest rate short term loans to economically disadvantaged residents, experts say.
Church groups call for campaign to ensure a short term loans cap
Church groups have called for a campaign to ensure that the amendment to the Financial Services Bill tabled by Walthamstow MP, Stella Creasy, gets approved when the bill gets its second reading in the House of Parliament next month.
Policymakers don’t understand role payday lenders play?
Policymakers have demonstrated a lack of understanding when it comes to payday advance lending firms, according to a recent research study from the Consumer Finance Association that found customer satisfaction rates are high.