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.

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.’