Lenders are scrambling to slash the interest rates on their cash loans ahead of a rumored drop in the Bank of England’s base rate that is supposedly looming on the horizon.
Tag Archives: no credit check payday loans
Government invests OFT with broader regulatory powers
The Office of Fair Trading will soon have the ability to suspend consumer credit licences immediately, thanks to new powers the Government has given the watchdog agency.
Instant cash loans go from rarely used to common
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.
Wood Green to be site of protest today
Wood Green is to be the site of a protest today aimed to shame money shops offering no credit check short term loans to local residents, it has been recently revealed.
Financial adviser says never to use short term loans
One financial adviser has recently spoken out against payday advance lending, stating that no one should ever use short term loans under any circumstances.
Council members abandon plans to ban payday lenders
Members of Islington Council have been forced to leave off their plans to ban instant cash loan providers from the borough, even as they lead successful protests against the instant cash loans industry.
Credit unions bounce back from recent industry censure
While instant cash loan companies and their proponents may have recently cheered to see two credit unions censured by an industry watchdog, confidence is high that the sector will continue to grow and become an excellent alternative to no credit check short term loans when it comes to Brits in need of cash but who are unable to turn to High Street lenders.
Fans want instant cash loan adverts off football club websites
The number of instant cash loan adverts being displayed on football club websites need to be reduced or eliminated, says a new coalition of fans.
Charity official says legislation needed to protect borrowers
There is a dire need of new legislation in order to protect borrowers from instant cash loan companies from putting them into an ‘impossible debt’ situation, according to the words of one financial charity official.
New report suggests households face ‘tide of debt’
A recently released financial report indicated that while amounts owed by households in 2011 declined from the previous year, they face difficulties in repaying these long term and short term loans that could lead to a ‘tide of debt.’