newsarchive
12/9/2011Payday loans: legal loan-sharking or a better bet than the banks?
Wonga is one of many payday loan providers to argue that unauthorised bank overdrafts are more expensive.
(Published: Wed, 07 Dec 2011 03:28:08 -0800)Payday loan companies face tougher regulation over high interest rates
Government under pressure to rein in firms offering vulnerable borrowers short-term, unsecured loans at very high interest rates Companies that provide expensive, short-term loans to desperate borrowers face tougher regulation by the government. Pressure over the activities of companies providing payday loans led the prime ministers office to say on Wednesday that a code of practice to protect ...
(Published: Thu, 08 Dec 2011 20:53:08 -0800)Such seductive offers. Pity about those 4,200% interest rates: We reveal the harrowing human stories behind the ...
Taking out a payday loan is a kind of financial Russian roulette which is devastating scores of families. The phenomenon is now thought to be worth £1?billion a year.
(Published: Wed, 07 Dec 2011 23:53:44 -0800)Payday loans: "Don’t worry, love, they don’t need your backstory!"
Welcome to the world of "zombie debtors". I spent yesterday shivering nervously in the cold outside a payday loan shop in Peckham, south London. A woman with large, fake eyelashes took pity on me on her way out. I said I couldnt meet my rent after my boyfriend walked out of our one-bedroom flat.
(Published: Thu, 08 Dec 2011 04:59:16 -0800)Birmingham City Council passes payday loan moratorium
The Birmingham City Council has passed a six month moratorium on new payday loan businesses in the city limits. There was a long debate in council chambers Tuesday morning before that vote took place...
(Published: Tue, 06 Dec 2011 11:22:17 -0800)Payday loan controls dealt double blow
PLANS to protect consumers from unscrupulous operators in the payday loan industry have been dealt a double blow.
(Published: Wed, 07 Dec 2011 04:13:13 -0800)More Britons turn to payday loans
Payday loan companies are expected to see a surge in demand over Christmas and next year as Britons struggle with their finances, a report has claimed.
(Published: Wed, 07 Dec 2011 08:05:21 -0800)Payday Loan Moratorium in Place
Birmingham, Ala. (WIAT) - Birmingham City Council members adopted a resolution to ban new Payday Loan businesses within the city. The resolution was originally introduced by Councilwoman LaShunda Scales in September. But even as the ordinance came up for a final vote council members still had not reached a consensus on the language. At one point during the discussion Councilwoman Kim Rafferty ...
(Published: Tue, 06 Dec 2011 16:46:20 -0800)Payday Power Introduce New Service to Improve Validation Checks
Established payday loan broker Payday Power are introducing new validation checks on customer data entered on their website to help the chances of people getting approved for a loan. (PRWeb December 07, 2011) Read the full story at http://www.prweb.com/releases/2011/12/prweb9017599.htm
(Published: Wed, 07 Dec 2011 01:11:34 -0800)AUDIO: Payday loan: 'It is my own fault'
According to R3, an organisation representing most of Britains insolvency practitioners, more than 3.5 million people say they are likely to take out a so-called payday loan in the next six months. Anna, who has taken out a payday loan, told Andrew Hosken how you could keep on rolling over the debt and "not realise youre racking it up".
(Published: Wed, 07 Dec 2011 01:55:48 -0800)
