News

Rising number of households struggle with problem debt

According to the TUC, frozen wages have meant more people need to borrow money to survive, with the number of

Comparison sites accused of directing to high-cost payday loan companies

Price comparison websites are being accused of taking advantage of customers desperately in need of financial help, by promoting high-cost

A quarter of students owe money to payday loan companies

According to Future Finance, a quarter of postgraduate and undergraduate students in the UK owe, on average, £342 to payday

Student and payday loans may be used to fund ISIS

Stricter controls over student loans and payday loans have been called for by security experts after it has been reported

Payday loan companies see increase in loan volumes

America-based Enova International, whose brands include payday loan companies Pounds to Pocket and QuickQuid, says its British businesses experienced a

New lender opens in Sheffield to compete with payday loans

Sheffield Money, a new lending service, has opened in the city and will compete against high-interest lenders offering payday loans,

78,000 graduates overcharged by Student Loans Company

Tens of thousands of students have been left out of pocket by an average of £580 due to the Student

Payday loan company Cash Genie ordered to pay out £20m

Cash Genie, a payday loan company which stopped offering payday loans to customers in September last year, has been fined

The death of payday lenders created a feeding ground for loan sharks, the CFA fear

Since the regulations governing payday lenders were brought into practice last year, short-term lending has dropped by 68 per cent,

Spam calls and texts about payday loans are rising

There has been a rise in the number of spam calls and texts people have received, according to the Information

Tens of thousands of students may be using payday loans

A survey carried out by Unite Student, a student accommodation provider, indicates that payday loans are being taken out by

Payday loan company manager ordered to take jewellery from debtors

The Sunday People has reported that a manager at one of the largest payday loan firms in the UK has

Payday loan alternative needs more flexibility says Bank of England

The Bank of England has called for credit unions to be granted more flexibility to operate, which would allow them

Young Scots turn to payday loans in order to afford housing

According to a report by the University of St Andrews, young people in Scotland are struggling to navigate the housing

Cash Converters agrees to settle lawsuit

An out-of-court settlement for $23m has been agreed in Australia, in compensation to approximately 37,500 customers who claimed they had

Complaints about payday loans fell over the last year

The Citizens Advice charity has announced that the number of complaints made about payday loans in the last year has

New guidelines for payday loan television adverts

After a year of investigations into payday loans companies' TV adverts, the Broadcast Committee of Advertising Practice (BCAP) has come

Post Office Money data reveals payday struggles

Information provided by Post Office Money, who carried out a survey, has highlighted the difficulties some people are facing to

Credit card rewards could be cut after EU ruling

A new ruling by the EU, which will come into effect in October, is causing credit card providers to reduce

QuickQuid probed by financial watchdog

The Financial Conduct Authority (FCA) is questioning payday loan company QuickQuid, amid concerns that they are not employing enough people

Advertisement

Latest News