Payday advance lenders have been in the news this week, and not in too many positive news stories either – but you don’t need me to tell you that, do you?
Thanks to impending welfare and benefit reforms, the number of households sinking into debt is more than likely to skyrocket sometime in the immediate future.
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.
Would you think hiring a reality television star known for having debt and bankruptcy troubles as the spokesperson for a payday lender is a good idea?
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.
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.
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.
A new report investigating the state of the unsecured credit lending industry was revealed this week, discovering that lenders have been behaving quite badly.
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.
Bit of news this week: a councilor from Haringey has had it with payday lenders, calling on the government to cap interest rates.