Well, it’s official: the University of East London has cemented itself as my favourite institute of higher learning after banning all payday loan adverts.
New research released this week has revealed that some 4 million Brits may end up deep in debt due to the costs of borrowing cash for Christmas spending.
It’s bad news for Wonga, as its high interest rate days are numbered thanks to a surprise House of Lords vote this week approving a last minute amendment.
A new report investigating the state of the unsecured credit lending industry was revealed this week, discovering that lenders have been behaving quite badly.
Things just seem to keep going from bad to worse this week, as not only has it been revealed that 1 million Brits use payday loans every month, this figure is sure to rise soon.