Perhaps the title should be explained a little before carrying on with this news piece. Stella Creasy, now a well known MP for the London outer borough of Walthamstow, is not a campaigner on behalf of the short term loans industry but against it.
Increasing personal debt a boon for loans providers
Business is booming – in the debt servicing and small loans sector at any rate!
Zebit rewards good borrowing behavior with cheaper short term credit
With the number of short term loans and short term loans providers increasing every day in the UK, it is inevitable that some sort of diversification and specialisation will occur.
OFT publishes new debt management guidelines
Payday advance lending experts have recently reported that the Office of Fair Trading has recently come forward with new guidelines for credit repair service or debt management advice firms in order to protect consumer interests.
Demand for interest rate cap from the Scottish Borders
Concern has been expressed by the Scottish Borders Council about the influence of short term loans companies in the region and, more specifically, the way in which very high interest rates are masked in the advertising by many of these companies.
Review should help to improve short term loan sector
The Office of Fair Trading is currently investigating the short term loans sector in a move that has been welcomed by the industry representatives, the Consumer Finance Association, which represents the majority of the main players in the short term loans industry.
Trading Standards Service finds some payday lenders’ practices unsatisfactory
The Trading Standards Service is Northern Ireland’s answer to the Office of Fair Trading and, like its brother organisation over the Irish Sea, has been peering into the antics of the short term loans companies as some of them have been causing some concern to sections of the Northern Ireland community.
Payday loans debtors need to know total cost of loan
A leading debt charity has reported that the total number of people with short term loans debt problems has increased by over 100% between 2010 and 2011.
Quick-fix loans are cash strapping families
An expert on credit from Hartlepool has announced that an instant cash loan of £200 could increase very quickly to £9,000 with 4000% interest rates hitting borrowers.
Are Britain’s regulators struggling to regulate?
According to a report in the Daily Mail’s Financial page, the feeling is that Britain’s financial regulators have failed to get a handle on the instant cash loan explosion, which appears to be getting even more brazen every day.