Category Archives: Uncategorized

Research from the StepChange Debt Charity shows that half of adults in the UK are receiving phone calls from companies offering payday loans and other high-risk financial products, and have called on the Treasury and Financial Conduct Authority (FCA) to Read more…

Following the historic vote to leave the European Union in the recent Referendum, the pound fell to its lowest level in more than three decades. This will have an effect on the finances of many people, but in what way? Read more…

The US government revealed plans on managing the $38.5bn payday loans industry, to protect customers more. The low-dollar, high interest rate loans have been regulated in different ways in each state individually, until now. The new rule being introduced by Read more…

Despite the introduction of new lending regulations in January 2015, there was a 178 per cent increase in the number of disputes about payday loans in the year to March, according to annual statistics from the Financial Ombudsman. In that Read more…

Due to concerns that people are being left in financial difficulty as a result of taking out payday loans, Google is banning lenders’ adverts from its service. From 13 July, Google will be banning payday loan adverts that are making Read more…

Wonga, the biggest payday loans lender in the UK, saw the introduction of tougher industry regulations affect its performance, revealing its losses doubled in 2015. A pre-tax loss of £80.2m for 2015 was reported, a sizeable increase on the £38.1m Read more…

In the aftermath of the ‘Panama Papers’ leak, the European Union’s five largest economies – the UK, France, Germany, Italy and Spain – have all agreed to share data on tax, in a crackdown on secret business and trust owners, Read more…

According to a study by Shelter and YouGov, more than half of Londoners struggle to pay their rent each month, resulting in some using payday loans. The largest of its kind, the study looked at those renting privately in the Read more…

The amount of tax you pay is changing, after Chancellor George Osborne announced cuts to income tax in his latest Budget. The personal tax allowance will rise to £11,500 in April 2017, from £11,000 in April this year. When the Read more…

An energy bill price cap has been proposed by the Competition and Markets Authority (CMA) for households which have pre-payment meters, which could result in savings for millions of low-income households. This is part of attempts to boost the competitiveness Read more…