Banks’‘deposit-advance’ loans just another name for payday lending
Banks often tout their financial-literacy programs. So it strikes me as odd that some are offering loans similar to what payday lenders offer. These products can land financially uneducated consumers...
View ArticleAppeal of payday loans doubles in north west
The number of people in the north west who are likely to take out a payday loan has doubled in recent months as debt worries mount, new figures show. A survey by insolvency trade body R3 found 12 per...
View ArticleDebt problems with payday loans double in a year, says CAB
StockMarketWire.com – As the new payday lending customer charter is launched, Citizens Advice Bureaux across the country are today releasing new figures demonstrating a worrying increase in the number...
View ArticleBishop of Durham joins Labour in battle over payday loans
THE Bishop of Durham has joined forces with Labour in a bid to force the Government to cap payday loans – and stamp out interest rates of up to 4,000 per cent. The Right Reverend Justin Welby – the...
View ArticleThe Truth About Payday Loans
Many Americans are increasingly turning to high interest, short term loans to try to make ends meet, but a brief overview of payday lendings problematic setup shows that its often a false solution to a...
View ArticlePensioner warns of payday loan perils
A pensioner whose foster daughter got sucked into an unrelenting cycle of debt after borrowing money from payday lenders is urging members of the House of Lords to vote to cap the total cost of the...
View ArticlePayday Loans Interest Rates Set To Be Capped
The government has backed capping interest on payday loans, after concerns some annual rates can reach up to 4,000%. It came after more than 40,000 people signed a petition calling on payday lenders to...
View ArticleWonga ‘sorry’ for sending emails implying that its loans could ‘do wonders …
Peter Mansfield, managing director of Callcredit said: In some cases, if used responsibly, payday loans could help to improve the credit profile, especially those with either little credit history or...
View ArticleBig Issue: Get help with payday loans, by Lynn Teague, manager of Forest of …
WE have seen a huge increase among clients seeking money advice for help regarding payday loans, with some clients having as many as eight multiple loans, struggling to make repayments and manage their...
View ArticleJustin Welby, the Bishop of Durham, calls for cap on total cost of payday loans
Justin Welby, the Bishop of Durham, calls for cap on total cost of payday loans The incoming Archbishop of Canterbury has joined forces with the Labour Party to launch an attack on the Government over...
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