Payday loans have been in the news a lot recently, especially since the insolvency firm R3 estimated that as many as 3.5 million Brits are likely to avail of such a loan over the next six months.
Tag Archives: payday advances
3.5 million Brits expected to use short term loans by June 2012
Overspending on Christmas could result in a massive 3.5 million people in the UK taking out an instant cash loan in the next six months.
MP calls for cap on interest rates for forces short term loans
Members of the armed forces and UK ex-servicemen are being warned to compare interest rates if they are considering taking out an instant cash loan.
UK unsecured lending rose by £629 million in September
The on-going economic crisis has forced more people to turn to unsecured lenders, such as instant short term loans companies, to help them make ends meet.