Category Archives: Uncategorized

A survey conducted by BlackRock’s Investor Pulse indicates that men are worse than women at handling everyday finances. Saving money is seen as a priority by 47 per cent of women who responded to the survey, whilst for men this Read more…

Sarah Gorman, a cleaner from Spenser Avenue, Exeter, has been found guilty of stealing as much as £40,000, in order to repay payday loans she had taken out. The 50 year old was a treasurer for a trade union, and Read more…

Dollar Financial UK, who owns payday loans company The Money Shop, has revealed millions of pounds in refunds is still owed to customers, and also that it has overhauled its operations. Last October, the lender agreed to pay £15m in Read more…

A Church taskforce has said that the use of payday loans has fallen because of a change in opinion of them by the public and those in politics. The taskforce was led by Sir Hector Sants – a former regulator Read more…

Chancellor George Osborne has announced that enforcement teams cracking down on loan sharks could be funded by charging credit card companies and payday loans lenders with a fee. The Illegal Money Lending Teams in England Wales will, as of April Read more…

It has been revealed that people are falling victim to a scam through social media giant Facebook, which involves your identity being stolen and used to take out payday loans. Police have reported cyber crimes such as these taking place Read more…

The Financial Conduct Authority (FCA) has granted full authorisation to payday loans lender Wonga, after a troubled two years for the company. Wonga is the first major payday loans lender to receive the crucial licence from the FCA, and comes Read more…

Six months after being ordered to pay a total of £20 million to 92,000 customers, payday loans company Cash Genie has entered solvent liquidation. The company, registered under Ariste Holding Limited, is urging its customers to claim compensation, with 12,000 Read more…

According to figures from the Bank of England, £1.5bn was borrowed in November in the form of credit cards and loans, sparking fears that families are taking too much debt on as they pay for Christmas. Borrowing rose by 8.3 Read more…

Chancellor George Osborne has announced a proposal to introduce a new tax on payday loans companies, to help fund support for people who become victims to illegal loan sharks. Mr Osborne was speaking in place of David Cameron at Prime Read more…