Category Archives: General Blogs

We catch up with Garth on a busy afternoon. He is sitting behind his desk with a long list of names and telephone numbers to get through. There are about 8 other people at different desks that seem to be doing the same. This is Garth’s domain; he is the customer services manager for a […]

It is too soon to be able to measure what effect the payday loan caps will have on the industry. There are of course many theories. Some say that the caps will only help the sector grow further while others believe that the caps will put many lenders out of business. While it is true […]

Here is a story about loan sharks hijacking a person’s phone. Let’s say his name is John, his story is one that many people across the country can relate to. The first text came through on his number one day at the crack of dawn. The message on John’s phone read: Hi David. Following your […]

The Cape of Good Hope boasts not only beautiful scenery, but evidently, a loan shark with compassion. Recent reports from South Africa tell of a loan shark in Cape Town who has a conscience. This man claims to run a fair business and gives his clients discounts and even writes off their debt. It seems […]

Illegal loan sharks are doing a good job of tarnishing the short-term high-interest loan market’s reputation. Recently a father of six found himself on the brink of suicide because of the mess that he had found himself in after borrowing money from loan sharks. The government funded squad that fights loan sharks, the Illegal Money […]

 It looks like, for all intents and purposes, that the payday industry is struggling under the new payday legislation. The Financial Conduct Authority (FCA) regulated the business at the beginning of the year and now requires that all payday companies are registered in order to trade. Other regulation, such as a 0.8% cap on interest, […]

It is now impossible for a Scottish citizen to challenge their boss. Since fees for Employment Tribunals have been introduced for those Scots who have problems at work and need mediation, the number of complaints has fallen by 81%. Where once it was free of charge to challenge one’s employer before the Employment Tribunal, it […]

The population of Wales was shocked this past December when a young man in Swansea committed suicide. Courtney Mitchell Lewis, otherwise known as Mitch to his friends, allegedly killed himself because of payday loans that he had taken out and could not repay. Mr. Lewis had borrowed 100 pounds earlier in the year and had […]

According to research people rarely shop around for the best deals when it comes to payday loans, or emergency loans, therefore the Competition and Markets Authority (CMA) has taken drastic measures. The CMA has ordered all payday lenders to publish information on their products and services in an attempt to lower payday loan costs. The […]

One way to control yourself when it comes to saving money is to automate your savings. In the age of the internet where we can log into our bank accounts with our fingertips, it is really easy to set up a standing order. Set up a transfer of a small, almost unnoticeable, amount to be […]