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Category Archives: Pay Day Legislation

Medway Council moves to block new payday loan shops

One local authority has moved to block new payday loan shops moving in by asking for a change to be made to planning laws.

08. Aug, 2012 Categories: News, Pay Day Legislation by Payday Pete

Avoid the debt disease: don’t rely on unscrupulous lenders

With a new report warning that ‘debt disease’ is spreading across the UK like wildfire as workers have to turn to payday lenders in increasing numbers when their wages run dry before their next payslip, it’s important to keep away from unscrupulous lenders that are more interested in making cash than helping those in need.

27. Jun, 2012 Categories: News, Pay Day Legislation by Payday Pete

Wonga adverts dropped from Premier and Football League clubs

One of the nation’s largest payday loan providers, Wonga, is no longer welcome by Premier and Football League Clubs, as it was recently announced that the clubs will no longer carry the lender’s adverts on their websites.

24. Jun, 2012 Categories: News, Pay Day Legislation by Payday Pete

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Indicative short term loan illustration: Borrow £300 for thirty days and repay a total of £375 (£75 being the chargeable interest). Annual interest rate of 1737% APR (variable).

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