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