Instant cash loans supplied by payday lenders, which were once only rarely used, have since become a common occurrence, leading to serious problems for many who have found themselves falling deep into unmanageable levels of debt, experts say.
Tag Archives: instant cash loans
Council members abandon plans to ban payday lenders
Members of Islington Council have been forced to leave off their plans to ban payday loan providers from the borough, even as they lead successful protests against the instant cash loans industry.
Are there any benefits to payday advance lending?
There has been much said on both sides of the argument in regards to the relative benefits of payday advance lending, yet the question remains – is there truly any benefit in taking out a payday loan?
ASA bans payday loan provider advert for being misleading
A misleading advert from one payday loan provider was recently banned by the Advertising Standards Authority, short term loans experts recently reported.
Will peer-to-peer payday advance hybrid sites go too far?
With new websites offering payday advance lending through a peer-to-peer loan strategy such as The Lending Well beginning to emerge, instant cash loans experts have expressed concerns that a proliferation of hybrid lending sites may be going too far.
Anti-payday loan campaigners take to the streets
Anti-payday loan campaigners took to the streets recently, bringing their message to the doorsteps of firms believed to be some of the worst offenders when it comes to providing instant cash loans with unsustainably high interest rates.
Like the UK, the US is plagued with payday lenders as well
Payday loan providers on this side of the Atlantic have been a growing problem in the UK for several years now, but providers of instant cash loans in the United States have been wreaking havoc for much longer, according to recent industry reports.
CAB bosses displeased at new Money Shop opening
Bosses for the Citizens Advice Bureau in East Durham are displeased to see a new instant cash loans storefront opening in Peterlee, payday loan experts recently reported.
CCCS says debt dropped in 2011, not out of the woods yet
While it found that debt levels from unsecured short term loans declined in 2011, the Consumer Credit Counselling Service says that households in the UK aren’t quite out of the woods just yet, as they face an uphill battle to repay lending this year.
Record number of people in Sheffield relying on payday loans
A record number of households in Sheffield have come to rely on payday loans, even though payday advance lenders are supposed to be turned to only for temporary fash flow fixed, local Citizens Advice Bureau debt advisers recently reported.