A survey carried out by Unite Student, a student accommodation provider, indicates that payday loans are being taken out by tens of thousands of students in order to cover the students’ daily living costs. Approximately 8,500 students were surveyed, and Read more…
The Sunday People has reported that a manager at one of the largest payday loan firms in the UK has claimed she was ordered to “take the rings off the fingers” of people who owed money, but couldn’t afford to Read more…
The Bank of England has called for credit unions to be granted more flexibility to operate, which would allow them to carry out a wider range of services. The current rules have been labelled as “rigid restrictions”, with the proposals Read more…
According to a report by the University of St Andrews, young people in Scotland are struggling to navigate the housing market, with some taking out payday loans in order to avoid rent arrears. This is part of findings looking into Read more…
An out-of-court settlement for $23m has been agreed in Australia, in compensation to approximately 37,500 customers who claimed they had been charged excessive interest. Although the lawyers of the customers say the settlement is still dependent on approval from the Read more…
The Citizens Advice charity has announced that the number of complaints made about payday loans in the last year has almost halved, due to the Financial Conduct Authority (FCA) introducing new payday loans rules. From January to March this year, Read more…
After a year of investigations into payday loans companies’ TV adverts, the Broadcast Committee of Advertising Practice (BCAP) has come up with new guidance on how they should behave. The advertising watchdog announced that it considers adverts which prompt you Read more…
Information provided by Post Office Money, who carried out a survey, has highlighted the difficulties some people are facing to last until their next payday. Every month, 24 per cent of employed people say they need to use their savings Read more…
A new ruling by the EU, which will come into effect in October, is causing credit card providers to reduce and cut the benefits they offer with their card, as there is a limit to the amount they can allow Read more…
The Financial Conduct Authority (FCA) is questioning payday loan company QuickQuid, amid concerns that they are not employing enough people in its British offices in order to legally be classed as an authorised lender. QuickQuid, an American-owned company with more Read more…
Dishonest payday loans companies appear to be breaking rules
Public sector workers most likely to use payday loans
Complaints about payday loans continue to rise