Category Archives: Uncategorized

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…

Sheffield Money, a new lending service, has opened in the city and will compete against high-interest lenders offering payday loans, as they provide advice on alternative loans and bank accounts, as well as operating as a broker. Regulated by the Read more…

Tens of thousands of students have been left out of pocket by an average of £580 due to the Student Loans Company (SLC) overcharging them. Outdated systems which are “not fit for purpose” were attributed to causing the overpayments, which Read more…

Cash Genie, a payday loan company which stopped offering payday loans to customers in September last year, has been fined £20m by the Financial Conduct Authority (FCA). Owned by Ariste Holding, Cash Genie was launched in 2009. However, the lender Read more…

Since the regulations governing payday lenders were brought into practice last year, short-term lending has dropped by 68 per cent, according to a report by the Consumer Finance Association (CFA). However, the report has been met with criticism. The CFA Read more…

There has been a rise in the number of spam calls and texts people have received, according to the Information Commissioner’s Office (ICO), with many complaints made, some of which concerned payday loans. In the last twelve months, 180,000 complaints Read more…