Tag Archives: Debt

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

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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

Payday lendersj

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

Money pile-JPEG

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

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The Church Credit Union Network shows the way against predatory lending

Hector Santsj

Former chief City regulator Hector Sants has introduced a national network of churches, communities and credit unions as an alternative to payday lenders.

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Problem debt: not just damaging for adults, but children too

Childj

A new report by the Children’s Society highlights the damage being done to children by debt.

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

Debt is still the problem in this cost of living crisis

Kerry Catonaj

Debt, rather than earnings, is being used to cover living costs, writes Carl Packman.

Posted in Sustainable Economy | Also tagged , , , , , , | 3 Responses

The cost of credit must be capped fairly

Payday loans streetj

It’s no longer fair for consumers to bear the large, usurious costs associated with loose regulation.

Posted in Sustainable Economy | Also tagged , , , , | 1 Response
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