UK Loans

UK Banks Need To Protect Victims Of Domestic Abuse

Jean Hatchet | Posted 22.09.2017 | UK
Jean Hatchet

Abusive men come in all shapes and sizes. Their tactics are less varied. The reason abused women can sit together and discuss abuse so easily is becau...

How to Beat the Car Finance Crooks

Sarah Willingham | Posted 05.04.2017 | UK
Sarah Willingham

New registration plates came out last month and I have already seen a fair few 16 plates tearing around the Oxfordshire countryside. However, I am not convinced that driving a brand new shiny car off the forecourt is really the best option for the savvy buyer and there are actually lots of bargains to be had buying a car second hand but it can be daunting as you are dealing with a lot of money and you have to trust the person you are buying it from.

Are Peer-to-Peer Lenders in the UK Being Compensated for the Risk They Take?

Salman Shaheen | Posted 08.09.2016 | UK
Salman Shaheen

Peer-to-peer lending is a booming market in the UK. According to the Peer 2 Peer Finance Association, cumulative lending at the end of the second quar...

What To Look For When Choosing The Best Remortgage Deal

The Huffington Post UK | Sarah Coles | Posted 27.09.2015 | UK

The mortgage market looks like an inviting place at the moment. Rates are at their lowest point for more than five years – and around half what they...

Tackling Debt Must Become a National Priority

Mike O'Connor | Posted 09.03.2015 | UK
Mike O'Connor

Debt is a serious problem. It is not just a problem for those unfortunate enough to be struggling with financial difficulties, but for all of us - debt costs society £8.3billion. These costs come in the form of additional health care costs, increased welfare spending, and reduced workplace productivity.

The Demise of the Payday Loan?

Sarah Willingham | Posted 12.01.2015 | UK
Sarah Willingham

So many vulnerable people have fallen victim to payday loan companies and if these proposals stop that happening in the future, then I for one will be very happy. Payday loan companies need to be more careful about who they lend to so that those most in need are not punished.

330,000 Wonga Customers Will Be Pretty Happy This Morning

The Huffington Post UK/PA | Posted 02.10.2014 | UK

Wonga is to write off the debts of hundreds of thousands of customers after admitting it made loans to people who could not afford to repay them. T...

Why Banks Can't Provide Finance for Start-Ups

Paul Lees | Posted 14.10.2014 | UK
Paul Lees

The most common route to funding in the UK is retail bank loans. Banks lend money with low interest rates to individuals, rather than to companies. This is helpful when starting a business, as it means there is a low level of repayments; however there is often a high level of personal risk.

Tory Minister Took Money Off High-Cost Loan Boss 'Exploiting Vulnerable'

The Huffington Post UK | Asa Bennett | Posted 22.05.2014 | UK Politics

Employment minister Esther McVey has come under fire for accepting a £10,000 donation from the millionaire boss of a high-cost loan company that give...

Give Loans, Not Donations, To Poor Countries, Say MPs

The Huffington Post UK/PA | Posted 13.02.2014 | UK

More overseas aid should be given in the form of loans rather than donations, with grants restricted to the poorest countries or for emergency situati...

Payday Lenders 'Running Riot Through Our Communities'

The Huffington Post UK | Asa Bennett | Posted 05.11.2013 | UK Politics

Ed Miliband has launched a savage attack on Britain's "Wonga economy" as he warned that payday lenders were "running riot through our communities". ...

Payday Critics Are Snobs, Says Industry Chief

The Huffington Post UK | Asa Bennett | Posted 07.11.2013 | UK Politics

Ed Miliband's proposed 'Wonga tax' on lenders to help their rival credit unions has come under fire from a payday industry chief, who accused critics ...

How Many Will Need Payday Loans To Cover Christmas?

The Huffington Post UK | Asa Bennett | Posted 01.11.2013 | UK

More than one million people plan to take out a payday loan to cover the cost of Christmas, research by a Government-backed Money Advice Service has f...

Robbing Peter to Pay Paul

Rob McDowall | Posted 23.11.2013 | UK Politics
Rob McDowall

Payday Loans have become a hot topic and a regular feature in the British press week in, week out. The market has grown significantly and although the Office of Fair Trading (OFT) have no official figures on exactly how much the sector is worth it estimated it at around £900 million in 2008 with Consumer Focus estimating the total value of loans made in 2009 at £1.2 billion.

How Many Adults Needed A Loan Last Year?

The Huffington Post UK | Asa Bennett | Posted 20.09.2013 | UK

More than one in five Britons have had to take out loans in order to put food on the table and meet their energy bills, research has found. Around ...

Tough Financial Times Call for Extreme Measures, but How Does Gender Affect the Way We Cope?

Christine Foyster | Posted 21.10.2013 | UK Lifestyle
Christine Foyster

Despite the obvious difference of opinion between sexes, one fundamental action is clear. In order cushion against the impact of the unexpected, whether the economic downturn or another 'life event', a new and more robust approach to saving needs to be taken.

Welby's War on Wonga - What's the Bigger Picture?

Ben Whitnall | Posted 24.09.2013 | UK
Ben Whitnall

There's plenty in Scripture - in the form of laws, sayings, parables and stories - about money-lending and financial practices. So, going by his own church's sacred text, does Welby's suggestion take things too far?

Why I Love Payday Loan Companies

Pete Cashmore | Posted 15.09.2013 | UK Comedy
Pete Cashmore

It's fair to say that the UK has really taken payday loan companies to our hearts. They're just so adorable! Yes, payday loan companies are the nation's new-found love, and so as I am currently the ongoing target of the courting of 13 separate companies, let me count the ways...

Forever In Your Debt

Tony Schumacher | Posted 06.05.2013 | UK Comedy
Tony Schumacher

I'm not in the habit of quoting Shakespeare to people, I've always had a sneaking suspicion that people who quote Shakespeare are the kind of people w...

Q&A: Why Are Payday Loans Under Fire?

The Huffington Post UK/PA | Posted 06.03.2013 | UK

On Wednesday the government said it would clampdown on the payday lender market to ensure it didn't take advantage of vulnerable members of the public...

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.

Charlie Thomas

Payday Loans Being Used To Pay For Bankruptcy Fees | Charlie Thomas | Posted 06.02.2013 | UK

The doubling of the cost to become bankrupt in Scotland in the past six months has seen a surge in the most vulnerable Scots taking out payday loans t...

Millions Face Monthly Struggle To Keep Roof Over Their Heads

PA | Posted 04.01.2013 | UK

Around 7.8 million Britons are struggling to keep up with their rent or mortgage payments, showing a sharp increase on a year ago, a charity has warne...

Are SMEs Turning Away From Banks For Finance?

Charlie Thomas | Posted 30.11.2012 | UK

Business loans approvals from banks to SMEs have increased, but applications for lending and overdrafts have fallen, according to figures from the Bri...

Jessica Elgot

'I Made £50 Profit From A Payday Loan' | Jessica Elgot | Posted 13.11.2012 | UK

Payday loans companies charge high late payment fees, interest rates of around 4000% APR, and can push many people deeper into a spiral of debt which ...