Author Archives: Matt

The parent company of QuickQuid and Pounds to Pocket has agreed to refund customers who were allowed to take out loans with the companies, which they could not afford to repay. Up to 4,000 customers are set to receive a Read more…

A major UK payday loans lender is going to refund a total of £15.4m to 147,000 customers, with many of them having been given a loan without being able to afford to repay it. Dollar Financial UK, who own The Read more…

According to Quick Loans, the number of public sector workers applying for its loans has quadrupled since 2011, and the average loan taken out has also risen since then. The average loan rose from £1,152 to £1,487, and there were Read more…

A housing association in Liverpool is celebrating its 50th anniversary with a £50,000 donation to help residents struggling financially, who find themselves using payday loans, illegal loan sharks or expensive door lenders to get by. Liverpool Housing Trust (LHT) is Read more…

Payday loans rules should be changed, a coroner says, after a disabled teenager killed himself on the day he was left destitute after Wonga emptied out his bank account. Kane Sparham-Price, who was just 18 at the time and suffered Read more…

According to the TUC, frozen wages have meant more people need to borrow money to survive, with the number of households that are struggling with problem debt growing by a quarter between 2012 and 2014. The TUC and Unison reported Read more…

Price comparison websites are being accused of taking advantage of customers desperately in need of financial help, by promoting high-cost payday loan companies to them, in return for the lenders paying the comparison websites. Instead of directing customers (who are Read more…

According to Future Finance, a quarter of postgraduate and undergraduate students in the UK owe, on average, £342 to payday loan companies. A staggering 92.4 per cent are believed to have incurred a late charge, as well as 54.5 per Read more…

Stricter controls over student loans and payday loans have been called for by security experts after it has been reported that ISIS could be using these to help fund terrorist attacks. The report by Royal United Services Institute (RUSI), an Read more…

America-based Enova International, whose brands include payday loan companies Pounds to Pocket and QuickQuid, says its British businesses experienced a 20 per cent rise in loan volumes during the second quarter compared to the first quarter of this year. The Read more…