The Labour Party has made some rather lofty promises around regulating Payday lending if the British population will be so gracious as to vote them into power in 2015. What they propose is a bit of the old fashioned English legend of robbing the rich and giving to the poor. A special tax shall be […]
Monthly Archives: October 2014
Fast Cash – How much does your Car owe?
You want to get you hands on some fast cash? There are several high interest credit options available, and one of them is the logbook loan. This option uses your car as collateral against the money you borrow. In effect the loan is attached to the car and not the individual. This is where the […]
Payday Loans industry sees the screws tightened
The latest ruling is that comparison websites will be set up so that Payday fast loan customers will be able to calculate what they will be repaying on their payday loans. The interest and costs will become transparent. The Competition and Markets Authority is now regulating the industry after it took over from the Office […]
How not to end up with a huge Debt
Now if you are unemployed, and have been taking out short term loans at the Payday lender for months, basically been begging, borrowing and stealing where ever you can to pay your bills and in effect stay alive, and you can’t understand why your brilliant CV has not attracted the attention of the best CEO’s […]
Fast Loans – Payday Decrees new Cross Check Directives
It seems that some of the big Payday boys have been naughty. According to this man: Phillip Brown, who explains that he was able to take out a fast loan cash advance a bit too easily for his liking. Philip wanted to go off on a fishing weekend with the guys but he just did […]
Payday lenders spreading like wildfire
Payday lenders are still making headlines as billions upon billions pile up for these companies. The lenders are spreading across the globe like a phone app, bringing their cheap loans and interest rates to all of the four corners while keeping an eye out for any other nook and cranny where a nice shop front […]
Short term payday loans and Bishops: All Bark and no Bite
It seems that after a couple of years of controversy and criticism from every corner, finally the promised restrictions and codes of conduct have been out lined for the payday lenders. Some of the larger bones of contention have now been addressed. Interestingly these long sought after changes manage to become a reality during the […]
Payday lenders vs credit unions
There are approximately 400 credit unions in Britain, Scotland and Wales and approximately 2% of the adult population utilizes their services. Compared to the 46% of consumers in the USA, this statistic is very low. Why would Credit Unions not be more popular when in essence they solve many of the problems that borrowing from […]
Interest rate, wages and inflation – changes for the better
Mark Carney, the Bank of England’s governor spoke of a rise in wages when he addressed the TUC (Trade Unions Congress) in Liverpool on the 9th of September. In his speech, Mr. Carney gave a positive and confident forecast for the economy on the whole. During the course of next year, he predicted that the […]
Payday Lenders working differently in different countries
Meet Mrs. Brown from Austin. She finds herself “looking out of the window every night” wondering if Payday lenders are going to appear suddenly to repossess her cars. In 2008 Mrs. Brown took out a loan of 5000 dollars, and then soon after another loan for 2400 dollars. With both loans she used her two […]