Payday Loans Advice

Short Term Loan Costs Can Be Capped

John — Wed, 05 Dec 2012 18:52:58 +0000

The Financial Conduct Authority now has the power to cap the cost of short term loans. Despite the industry launching an enhanced code of practice agreed to by 90% of the lenders last week, the House of Lords today ammended …

Christmas Money Worries Expected To Mean More Loans

John — Wed, 05 Dec 2012 13:22:27 +0000

Insolvency trade body R3 say their research suggests around 4 million of us (that’s 8% of the population) will turn to payday type loans this Christmas to help them purchase gifts.

“I am worried that so many individuals are intending
…

Short Term Payday Loans Can Effect Your Chances Of Getting a Mortgage

John — Fri, 20 Jul 2012 14:03:58 +0000

In what is being seen as a worrying trend for the 3 million customers of Quickquid, PaydayUK and all the other various short term payday loans companies operating in the UK, it has emerged that some mortgage lenders are turning …

Consumers Happy With Payday Loan Service Say CFA

John — Thu, 26 Apr 2012 22:20:31 +0000

Payday lenders have long argued that the people most critical about their business tend to be affluent politicians who have never needed to use a payday loan service and so are not in the best position to judge and now …

Will Financial Regulator Get The Power To Cap Payday Loan Costs?

John — Mon, 23 Apr 2012 19:46:33 +0000

Stella Creasy has today tabled an amendment to the Financial Services Bill which if successful would give the Financial Conduct Authority the power to cap the amount payday lenders can charge their customers.

Rather than capping interest rates the MP …

The Money Shop Refused Permission For New London Branch

John — Tue, 17 Apr 2012 21:09:00 +0000

The Money Shop have been refused permission to open a new store on Tower Bridge Road in London. The Money Shop now have over 407 branches in England but lost out on opening number 408 thanks to a total of …

Social Lending Company Encash Target The Middle Market

John — Wed, 11 Apr 2012 09:07:09 +0000

A new social lending company (also known as peer to peer lending) has launched this week called Encash and they claim that while Zopa and others in the market only lend to borrowers with an excellent credit rating, Encash will …

Beware The Bill Of Sales Act

John — Sat, 07 Apr 2012 16:43:05 +0000

Logbook loans work on an old Victorian law called the Bill of Sales Act.

Anyone taking out a logbook loan hands over the ownership of their vehicle to the loan company so that should they fail to pay back …

Selling Gold For Cash

John — Sat, 07 Apr 2012 14:50:54 +0000

If you are considering selling gold for cash then make sure you visit at least 3 different pawn shops so you can compare and get the best price for your old jewellery because as a recent investigation by the Croydon …

Wonga UK Ads Should Be Removed Fans Tell Football Clubs

John — Sat, 07 Apr 2012 11:45:49 +0000

A group of fans have come together to collectively call on their local football clubs to drop their advertising of Wonga UK.

The fans, organised by Northampton Town supporter Bob Ward, are from 18 different clubs and they are pushing …