Monthly Archives: July 2013

As members of the Consumer Credit Trade Association (CCTA) we adhere to their code of conduct which is: When providing payday loan, ( online payday loans, cash loans or short-term loans), we will: > Act fairly, reasonably and responsibly in all our dealings with you. > Not pressurise you to enter into any payday loan […]

The face of consumer credit is changing in the UK The consumer credit market in the United Kingdom is one of the largest credit markets in Europe. One important aspect of the consumer credit industry is payday lending, or the payday loan market, which has grown rapidly in the UK in recent years. The Office […]

The CFA is intent on repositioning the payday loan industry The Consumer Finance Association (CFA), which is the principal trade association for the UK’s major short-term lenders, reported on 10th July that they have made three senior appointments to its in-house communications and public affairs teams in an effort to reposition the payday loan imdustry. […]

On the 1st July commenting on the Payday Loan Summit, the Chief Executive of the Consumer Finance Association (CFA), Russell Hamblin-Boone, had this to say “The summit was a constructive meeting and it was helpful to once again hear the opinions and suggestions of the government, regulators, consumer groups and debt charities. There are some […]

Most of us will agree that times are tough; many of us are battling with bills. We may have taken out cash loans, maxed out our credit cards or have bank overdrafts. We may also be depending on a payday loan from time to time for emergencies or unforeseen bills but, as we know, credit […]

Debt Management Plans (DMPs) are under attack. There are a number of companies that are withholding their client’s money and they are keeping the money paid to them instead of paying off their client’s debts. This does not mean that a Debt Management Plan won’t help you solve your financial problems. It simply means that […]

What are online Payday Loans? Payday Loans are short-term cash loans, offered over the internet, advertised on the TV, and in most media outlets and sometimes offered on the high street. The most popular way to obtain a payday loan is by going in to the internet and applying for an online payday loan. What […]

The Financial Conduct Authority (FCA) announced that payday loan companies could face tough restrictions on where and how they will be allowed to advertise in the future. This announcement followed the industry summit in Whitehall on 1st July when lenders, regulators, government ministers and UK charities met to consider what controls they could impose upon […]

The amount of people borrowing on short term or payday loans is rapidly increasing. The total lending about in 2009 in the UK amounted to 1.2 billion pounds. It has been noted that two-thirds of borrowers of short term loans have annual incomes below 25,000 pounds and that the average loan size is about 500 […]

If you think about it, there is an excellent reason to start saving early and that reason is compound interest! The earlier you start saving the better because compound interest is that marvelous innovation that piles interest upon interest, upon…  When you save money, or invest it, you will be earning interest. The amount you […]