The Government is expected to drop small and medium-sized business lending targets in the face of evidence that lending to SMEs is down despite the Project Merlin initiative, and in fact the number of small loans being made across has declined across the board.
Tag Archives: small loans
London councillor investigates payday loan companies
Labour MP Stella Creasey had been calling on the government to take action over payday loan companies by capping the interest rates they charge.
Do payday loan companies truly ‘not believe in Christmas?’
Payday loan companies have faced a new salvo fired by detractors, with claims that the industry is decidedly Grinch-like this festive season and that lenders ‘don’t believe in Christmas.’
Banks struggling to raise money for quick loans
Banks are finding it a struggle to raise money to provide quick loans for their customers, leading to fears of an additional credit crunch gripping the UK.
Cheapest UK payday loans will soon be launched in Sandwell
Hard up Brits living in the Sandwell area might be interested to learn that the 6Towns Credit Union is soon to start offering cheap payday loans.
Are payday loans truly more costly than using an overdraft?
With one of the biggest criticisms of payday loans being their exorbitant interest rates, many providers of quick loans have published a comparison chart that highlights the relative cost of such a loan with a bank overdraft.
Debt from short term loans quadrupled in past 2 years
According to one debt advisory service, debt levels from short term loans has increased by a factor of four over the past two years.