11 November 2014 Press Release – The Financial Conduct Authority (FCA) confirmed that people using payday lenders and other providers of high-cost short-term credit will see the cost of borrowing fall and will never have to pay back more than double what they originally borrowed. As of the 2 January 2015 the payday industry […]
Monthly Archives: November 2014
Northern Ireland – Pawns in the game of Payday and short term lending
Much like their neighbours Britain and Scotland, Northern Ireland seems to be suffering under the oppressive regime called Payday. An institution so “evil and diabolical” that its sole purpose seems to be to enslave the population into financial ruin with its insidious interest rates and foul fees and charges! According to the Citizens Advice Bureau […]
Capped! Legislation for payday lender sector has been passed
Legislation for the payday sector in the UK has officially been passed. As of January 2015, payday lenders will be restricted in the fees, charges and interest rates that they can impose on their customers. Payday Lenders will not be able to continually roll over loans when clients can’t repay their loans, and they will […]
Payday in Scotland – Can’t Pay your Payday?
Many of us see debt as something shameful, something to be swept under carpet and forgotten in the hopes that it will disappear forever. Unfortunately if you have ever been in debt you will know that instead of a magical disappearing act, what usually happens is that you end up with a very lumpy carpet. […]
So You got Robbed by a short term loan scam
So you are a victim of a loan scam. You were probably either contacted by a bogus lender or you were conned online by a company posing as a legitimate lending company. What do you do next? You can pretty much kiss your money goodbye, you won’t be seeing that again, but there are a […]
Short Term Loans – Need a Short Term Scam?
Short Term Loans are becoming more and more popular as the financial situation in the UK tightens. Fortunately it is not difficult to get a short term loan and the internet has certainly made it easier to secure a loan. However, because of the ease of accessibility scams have also become more prevalent. Scams have […]