Category Archives: Uncategorized

Christmas could cost you as much as 72 per cent more if you use a three month payday loan, according to Citizens Advice. New research by Citizens Advice found that with a typical payday loan, taken out for three months, Read more…

The Central Criminal Court has heard how bomb-making equipment was bought on eBay after the ‘secret’ wife of a suspected Islamic State (IS) terrorist took out payday loans to fund her husband’s purchases. 24 year old Sana Ahmed Khan stands Read more…

Payday loans company Wonga will offer loans for longer terms, as it attempts to make its business more diverse after experiencing struggles since industry rule changes and regulatory fines over the last year, according to Sky News. Customers will be Read more…

CoreLogic, a data firm from America, has decided to stop operating its credit-checking services in the UK after a clampdown on payday loans lenders made its business unviable. Its Teletrack UK operations will close at the end of 2015, and Read more…

Payday loans lender Wonga was conned by fraudsters into losing £3m, a court has heard, after they stole thousands of innocent people’s identities. It was claimed that the criminals made more than 19,000 applications, each asking for loans to be Read more…

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…