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5pc fall prey to payday lenders; what can you do to stop it?

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.

13. Jul, 2013 Categories: News, Weekly Market Roundup by News Desk

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.

08. Mar, 2013 Categories: News, Weekly Market Roundup by News Desk

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.

01. Mar, 2013 Categories: News, Weekly Market Roundup by News Desk

Debt problems abound, lenders expand – are they linked?

Debt problems are rampant in the UK at the moment – with younger Brits hit especially hard by unemployment – yet there are some payday lenders expanding.

22. Feb, 2013 Categories: News, Weekly Market Roundup by News Desk

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!

08. Feb, 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

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

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