Pay Day Loans

Students Matter

Jenny Shaw | Posted 18.06.2014 | UK Universities & Education
Jenny Shaw

Students find the money for university from a number of different sources. The 'bank of Mum and Dad' is still the most popular way of financing higher education, along with loans and grants, but 11% of undergraduates rely on credit cards and a worrying 2% on payday loans. This would imply over 250,000 students and 46,000 students in the UK respectively.

Young People Live Lives of Luxury on Housing Benefit... Or Do They?

Paul Noblet | Posted 17.03.2014 | UK
Paul Noblet

George Osborne has announced the Conservative Party would cut housing benefit for under-25s after the next election as part of £25billion spending cuts, removing a vital lifeline for many homeless young people who are already struggling financially. Such a move would be catastrophic for the 6,000 homeless young people Centrepoint supports each year.

The Rise of Payday Loans on Campus

Hannah Stubbs | Posted 23.01.2014 | UK Universities & Education
Hannah Stubbs

Cash-strapped. Stingy. Penny-pinching. Just some of the most common labels pasted onto students. With monikers like these it's no wonder that we have always turned to alternative forms of income to see us through until the end of term

BANKRUPT (AGAIN)

Posted 08.07.2013 | UK Entertainment

Kerry Katona has been dropped as the face of payday loan company Cash Lady after filing for bankruptcy for the second time. The Insolvency Service ...

Labour To Pledge Pay Day Lender Crackdown

PA/ The Huffington Post UK | Posted 08.04.2013 | UK Politics

A Labour government will give councils new powers to stop pay day lenders and betting shops swamping high streets, Ed Miliband pledged on Monday. B...

Jessica Elgot

'I Made £50 Profit From A Payday Loan'

HuffingtonPost.com | 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 ...

MPs Reject Pay Day Loans Reform

Posted 23.05.2012 | UK Politics

An attempt to clamp down on the cost of borrowing from pay day lenders has been defeated in the Commons. MPs voted by 266 to 225, majority 41, to r...

MP Ramps Up Pressure On 'Toxic' Payday Loans

The Huffington Post UK | Dina Rickman | Posted 22.05.2012 | UK Politics

The MP campaigning to cap the charges by payday loans companies has ramped up the pressure on the government ahead of a parliamentary vote. Labour'...

The Myopia of Regulating Pay-Day-Loans

Alan Moore | Posted 10.07.2012 | UK
Alan Moore

Recently the government made a big fuss via the mainstream media that it was 'taking decisive action' in regulating pay-day-loans, loan sharking and c...

Are Business Loans From Wonga Really So Bad?

Julia Kukiewicz | Posted 09.07.2012 | UK
Julia Kukiewicz

The news that Wonga will soon start offering payday loans to businesses this week was almost drowned out by the sound of tuts. Labour MPs attacked T...

Pay Day Loans Firm Wonga Sets Its Sights On Small Businesses

The Huffington Post UK | Dina Rickman | Posted 07.05.2012 | UK

Controversial pay day loans company Wonga is targeting Britain's small business with the launch of a new service to give companies "an instant cash fl...

Missing Meals To Feed Their Children: Mums' Survey Reveals Extent Of Squeezed Britain

The Huffington Post UK | Dina Rickman | Posted 16.02.2012 | UK

One in 100 families has turned to loan sharks to stay afloat, according to a survey published on Thursday. The research paints a bleak picture of decl...