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Debt advice charities and MPs alike warn against payday lending

Payday advance lenders have become more or less universally reviled, with debt advice charities and MPs alike all coming together to condemn payday loans.

08. Mar, 2013 Categories: News, Weekly Market Roundup by News Desk

University of East London gives payday lenders the boot

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.

01. Mar, 2013 Categories: News, Weekly Market Roundup by News Desk

People need a payday loan to declare bankruptcy in Scotland

Here’s a story that will get you hopping mad: the Scottish government’s decision to increase bankruptcy costs means the poor need payday loans to afford it!

08. Feb, 2013 Categories: News, Weekly Market Roundup by News Desk

Overdraft charges pushing people to take out payday loans

New research revealed this week that payday loan providers are benefiting from the massive overdraft charges high street banks charge to their customers.

01. Feb, 2013 Categories: News, Weekly Market Roundup by daviddemar

Short term loan dangers quite real, credit union boss warns

The boss of one Ilkeston-based credit union says that the dangers posed by providers of short term loans are quite real and should be avoided at all costs.

18. Jan, 2013 Categories: News, Weekly Market Roundup by News Desk

OFT needs to strengthen guidance for payday lenders, MP says

The Office of Fair Trading has to stop dragging its feet and put the irons to the payday lending industry before more Brits fall into debt, one MP has urged.

04. Jan, 2013 Categories: News, Weekly Market Roundup by News Desk

Watch out, credit card companies – Wonga’s coming for you

One of the most controversial payday lenders in the UK announced this week that it’s delving into longer-term lending usually reserved for credit cards.

21. Dec, 2012 Categories: News, Weekly Market Roundup by News Desk

Half a million Londoners to take out lending this Christmas?

Debt advice experts say that as many has half a million Londoners may be poised to take out short term loans to finance their Christmas pending this year.

14. Dec, 2012 Categories: News, Weekly Market Roundup by News Desk

Labour MP up in arms once more against predatory lenders

After the release of new figures condemning the high interest rate short term loans industry, one Labour MP has renewed her criticism of predatory lenders.

16. Nov, 2012 Categories: News, Weekly Market Roundup by News Desk

Haringey councilor has had it with payday lenders

Bit of news this week: a councilor from Haringey has had it with payday lenders, calling on the government to cap interest rates.

27. Sep, 2012 Categories: News, Weekly Market Roundup by News Desk

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