Borrowers suffering from rampant payday loan related debt are absolutely losing their minds out of desperation, though credit unions are trying to help.
Category Archives: News
Lenders whinge while regulators give in to market pressure
It’s amazing: payday lenders, even when caught red handed, still whinge and moan, while a regulator once thought to bring balance sets up for disappointment.
Even Google can’t rein in payday lenders
Purveyors of payday loans online are so fearless that threats from the world’s most popular search engine provider don’t even register on their radar!
Payday complaints up, yet some firms still encourage lending
Let’s face it: nobody likes payday advance lenders unless they’re being paid to, but these payday loan providers have some very deep pockets!
The OFT just can’t seem to get any credit for its actions
There’s just no pleasing some people: even as the Office of Fair Trading strips the consumer credit licence from one firm, it’s criticised for not doing enough.
Lenders take remedial action as tenants twist in the wind
Pessimists will say that every silver lining has its cloud, and when it comes to the payday lending industry I can’t help but to agree with them on this one.
The Government finally starts regulating payday lenders
It’s a case of ‘better late than never’ this week, what with the Government finally beginning to crack down on those legal loan sharks known as payday lenders.
Debt charities big and small voicing concern about payday lending
Whether you’re a large-scale national debt advice charity or one smaller in size, nearly everyone is very concerned about the state of payday lending in the UK.
It’s not just the UK that has payday lender headaches
Payday advance companies certainly run roughshod over Brits on a regular basis, but it’s no picnic for our cousins form across the pond, either!
Debt charity calls for blood while students suffer
This week, debt charities demand government watchdogs to strip away the power of payday lenders at the same time that students are taken for a ride.
