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: short term loans
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.
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.
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!
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.
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.