A new survey says that 1 out of every 20 families in the UK falls under the payday loan curse, but there’s hope: some people are banding together to fight.
Tag Archives: payday advance
Kerry Katona bankrupt again while her lender hands out cash
Well, this will surprise no one: famous spendthrift Kerry Katona is skint once more – and is dropped from her lender as its spokesperson!
Lenders are out of control – can anything be done?
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?
Debt advice charities and MPs alike warn against payday lending
Payday advance lenders have become more or less universally reviled, with debt advice charities and MPs alike all coming together to condemn payday loans.
University of East London gives payday lenders the boot
Well, it’s official: the University of East London has cemented itself as my favourite institute of higher learning after banning all payday loan adverts.
People need a payday loan to declare bankruptcy in Scotland
Here’s a story that will get you hopping mad: the Scottish government’s decision to increase bankruptcy costs means the poor need payday loans to afford it!
Overdraft charges pushing people to take out payday loans
New research revealed this week that payday loan providers are benefiting from the massive overdraft charges high street banks charge to their customers.
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.
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.