Credit Unions

Wonga to Announce Huge Losses ... Could Credit Unions Fill the Gap?

Michael J MacMahon | Posted 22.06.2015 | UK
Michael J MacMahon

Everyone in the UK who reads a newspaper (or catches TV or radio news) has heard of payday lender Wonga. That company has had its fair share of negative publicity in recent years for astronomic interest rates and dubious business practices.

It's on Us?

Leeanne Boulton | Posted 20.06.2015 | UK
Leeanne Boulton

There's no getting away from the fact that we are living in an increasingly material world.

George Osborne: Pursuing Austerity Like the Spoils of a Feckless War

Karl Davis | Posted 09.02.2015 | UK Politics
Karl Davis

Like conflict, austerity leaves people scarred, changing them forever, and disproportionately affecting the most vulnerable. It is ultimately self defeating. Most tellingly, it is the poorest who suffer most under austerity, as in war, whilst the richest always profit...

The Power of Crowd Learning and Development Strategists: The Heroes and Heroines who Strive to Make Vital Information, Training, Mentoring and Networking Accessible to All

Martina Keens-Betts | Posted 06.02.2015 | UK
Martina Keens-Betts

I firmly believe the Alzheimer's Society is a 'learning organisation' at its best. Their model fully integrates and supports its staff, volunteers, sufferers and their families. And the Press Office's skill, hard work and mentoring of volunteers has led to triumph after triumph in the improvement of the lives of sufferers and families.

Will Nobody Rid Me of This Turbulent Priest?

Alex Letts | Posted 03.09.2014 | UK Tech
Alex Letts

The hitmen allegedly hired by Henry II to sort out Thomas Beckett may be back in business if the current Archbishop of Canterbury continues to make waves over the plight of those exploited by exorbitant APRs. But they won't be hired by the Crown this time, more likely by the loan sharks.

LISTEN: Archbishop Inspires Amazing Rap About Payday Loans

The Huffington Post/PA | Posted 11.06.2014 | UK Politics

Archbishop of Canterbury Justin Welby's warnings about payday loans have inspired a rap song. We Need A Union On The Streets, by music producer Cha...

We Can Win the War on Wonga

Gareth Thomas | Posted 23.01.2014 | UK Politics
Gareth Thomas

This week's announcement that a future Labour Government would not only cap the total cost of credit but also introduce a new levy on payday loan companies in order to provide greater support to credit unions is great news and a testament to the hard campaigning of Co-operative Party representatives - like Stella Creasy MP and Kezia Dugdale MSP - and activists up and down the country. Credit unions are a great example of the difference that co-operative solutions can make.

Miliband Declares War On Wonga

The Huffington Post UK | Asa Bennett | Posted 17.10.2013 | UK Politics

Payday lenders such as Wonga would face higher taxes under a Labour government in order to help their credit union rivals, Ed Miliband is to announce....

Can Credit Unions Really Compete With the Profits of Wonga?

Ben Hughes | Posted 03.11.2013 | UK
Ben Hughes

Wonga has just announced that it makes over £1million profit every week. It made almost four million loans last year and is now the UK's joint 14th biggest lender. Can anyone really compete them out of business? I believe that community finance could and should do just that.

Can the Church of England Please Focus on Religion?

Katie Hopkins | Posted 14.10.2013 | UK Politics
Katie Hopkins

Despite this posturing, the Church of England has no official position on fracking. Somehow, the Church of England has also managed to uncover a Book of Europe in their ever expanding bible. Attacking Cameron for exercising opt out of a fiscal union of Europe under Germany's economic command, they demanded a more 'constructive and positive approach'.

Labour's War On Wonga?

The Huffington Post UK | Asa Bennett | Posted 09.08.2013 | UK

Payday lenders could be forced to pay a levy towards their rival credit unions, a type of membership-owned lender, under proposals being considered by...

The Root Of All Evil?

PA/The Huffington Post UK | Tom Moseley | Posted 25.07.2013 | UK

Controversial payday loans giant Wonga has been warned of some new competition - the Church of England. The Archbishop of Canterbury said he wanted...

How Do We Solve a Problem like Debt Traps

Carl Packman | Posted 29.04.2013 | UK
Carl Packman

The much reported research by Pew Charitable Trusts, Payday Lending in America: How Borrowers Choose and Repay Payday Loans, notes that some fifty-eight percent of payday loan borrowers have trouble meeting monthly expenses at least half the time, and a worrying seventy-eight percent of borrowers rely on information from lenders, not independent market analysts or comparison sites, when choosing to borrow money.

Looking for an Ethical Bank? It Could be Quicker Looking For a Credit Union, but Simply 'Moving Your Money' Isn't Enough if You Really Care

Glenn McMahon | Posted 08.12.2012 | UK
Glenn McMahon

Last week the new Barclays chief, Anthony Jenkins, called on banks to become more socially useful and to rebuild their customers' trust as revelations of greed, risk and fraud continue four years after the financial meltdown. Until that day arrives, however, there are already banking service providers that are just that; trustworthy and socially useful. They're called credit unions.

Life or Debt in the UK ?

James Mahon | Posted 29.09.2012 | UK Lifestyle
James Mahon

With the lack of job prospects in the UK affecting so many, hundreds of Britons are being forced to turn to alternative means to get enough money to get by, week in week out.

Don't Bash the Banks - Abandon Them

Mark Donne | Posted 07.04.2012 | UK
Mark Donne

Bob Diamond seems like a discerning man. If anyone knows his Maldives from his Margate and his gastronomy from his Greggs the Baker, Bob is our man. So I feel quite relaxed, even pacified that when as expected this Friday he receives his millions in bonuses, he'll know how to spend them tastefully, but also with panache.

Fed up of high street banks? So are millions of others

Leeanne Boulton | Posted 29.11.2011 | UK
Leeanne Boulton

As complaints against high street banks increase, is it any surprise that consumers, increasingly frustrated with poor service, are looking elsewhere ...