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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

Irony Alert: Kerry Katona shills for payday advance lender

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?

11. Jan, 2013 Categories: News 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

Christmas costs may lead 4m Brits into debt, research says

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.

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

Surprise for lenders thanks to surprise vote in House of Lords

It’s bad news for Wonga, as its high interest rate days are numbered thanks to a surprise House of Lords vote this week approving a last minute amendment.

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

‘Devastating’ report condemns lenders’ poor behaviour

A new report investigating the state of the unsecured credit lending industry was revealed this week, discovering that lenders have been behaving quite badly.

23. Nov, 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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