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.
Author Archives: 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?
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.
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.
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.
‘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.
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.