Tag Archives: Debt

Payday lenders: tougher rules and price caps are welcome. But more is needed

Payday loans ncrj

The FCA had an opportunity to fix a broken market. It didn’t take it.

Posted in Sustainable Economy | Also tagged , , , , , | 2 Responses

We’ve a long way to go to beat the payday lenders

Payday loans ncrj

Despite new regulation, the big lenders will remain.

Posted in Sustainable Economy | Also tagged , , , , | 6 Responses

Northern Ireland entering the red

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The Northern Ireland Executive is on course to enter the red, according to BBC reports.

Posted in Good Society | Also tagged , | 4 Responses

IFS: Tories will need to put up taxes or make bigger spending cuts after election

George Osborne 10j

The bombshell will come as a boost to Labour ahead of conference season.

Posted in Sustainable Economy | Also tagged , , , , , , , , | 5 Responses

Struggling with payday loans is still on the rise

People struggling on payday loans has risen by 42 per cent in the last year – the industry still needs to be reformed

Posted in Good Society | Also tagged , , | 1 Response

Payday loan broker firms: the next poverty scandal

For good reason payday lending has been subject to considerable scrutiny, but there’s another problem to solve: that of broker firms selling credit applications to the highest bidding lenders

Posted in Sustainable Economy | Also tagged , , | 2 Responses

The FCA cap on payday loans: acting where the market has failed

Wongaj

The proposed cap means that if someone pays back a £100 loan within 30 days they would pay a maximum of £24 in charges.

Posted in Sustainable Economy | Also tagged , , , , , | 5 Responses

Complaints against payday lenders double in a year

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But it could be just the tip of the iceberg, says Financial Ombudsman Service.

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Wonga has been caught out. But why didn’t the regulator act earlier?

Wongaj

If the regulator had been firmer before then some borrowers might not have been treated unfairly.

Posted in Good Society | Also tagged , , , | 2 Responses

The number of people in debt to payday lenders continues to grow

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Householders are still relying on the most expensive types of loan, new figures suggest.

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