Payday Loans

Tom Moseley

Wonga Wants To Help Fix The Economy

HuffingtonPost.com | Tom Moseley | Posted 11.05.2013 | UK

Controversial payday loans company Wonga wants to team up with the government to get the economy growing, a collection of lobbying letters reveal. ...

Kerry's Payday Loan Ad Banned

pa | Posted 08.05.2013 | UK Entertainment

An advertisement for payday loans featuring TV personality Kerry Katona has been banned in part for irresponsibly suggesting the money could help to f...

Kerry's Payday Loan Ad Banned By Watchdog

The Huffington Post UK | Jessica Elgot | Posted 08.05.2013 | UK

Kerry Katona's advert for payday loans company Cash Lady was "irresponsible" and could influenced vulnerable viewers that high interest loans could he...

Payday Loans and Gambling: Protecting the Poor from Themselves

Dave Clements | Posted 25.03.2013 | UK
Dave Clements

Like Citizens Advice the Money Advice Trust that runs the Debtline has called for the OFT to intervene where these companies are not sticking to 'responsible lending' practices.

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...

Complaints About Payday Lenders Hit New High

The Huffington Post UK | Charlie Thomas | Posted 06.03.2013 | UK

If you needed any more convincing that the payday loan sector needs investigating for bad practice, try this; the financial ombudsman has seen complai...

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...

What Would Dickens Think?

Keith Taylor | Posted 30.04.2013 | UK Politics
Keith Taylor

Though Dickens would surely be glad to find that children are no longer sent to workhouses he would still find hungry kids and their parents in want of more food at dinnertime.

Payday Lenders' Aggressive And Abusive Staff

PA/Huffington Post UK | Posted 15.02.2013 | UK

A debt advice charity is urging the trading watchdog to use new powers to stop four payday lenders in their tracks. Citizens Advice said it has fou...

A Drop in the Consumer Credit Ocean Can't Make a Tsunami of Debt

Russell Hamblin Boone | Posted 14.02.2013 | UK Politics
Russell Hamblin Boone

Everyone has a view about payday loans. In fact, I often say that 4% of the population have used payday loans but 96% have a strong opinion about them.

Charlie Thomas

Payday Loans Being Used To Pay For Bankruptcy Fees

HuffingtonPost.com | 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...

'My Maths Isn't Good Enough'

The Huffington Post UK | Jessica Elgot | Posted 17.01.2013 | UK

Wonga's head of regulatory and public affairs has told a committee of MPs that he could not work out the interest on a loan from his own company becau...

Why I Endorsed A Payday Loan Company

Kerry Katona | Posted 13.03.2013 | Home
Kerry Katona

I've been on the receiving end of a lot of stick because I've done an advert for a payday loan company. I think a lot to do with all this kerfuffle is that controversy seems to follow me around wherever I go, and I'm sure the irony of me giving out financial advice isn't lost on anyone who knows even a little bit about me and my life. I was made bankrupt, had my house repossessed and made some terrible decisions with money. All I would say is if you get a loan like that make sure you pay it back on time - there's nothing wrong with that!

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...

Capping the Costs of Legal Loan Sharks is a Step in the Right Direction

Carl Packman | Posted 12.02.2013 | UK Politics
Carl Packman

The truth is a cap on the cost of credit will drastically reduce the amount that a loan will cost from an expensive high street lender.

Lucy Sherriff

Payday Lenders Are Exploiting Vulnerable Students, Warns NUS

HuffingtonPost.com | Lucy Sherriff | Posted 10.12.2012 | UK Universities & Education

Payday lenders are exploiting vulnerable students, according to the National Union of Students, which has condemned such companies as "unethical and i...

Government 'Accepted They've Got It Wrong' On Payday Loans

The Huffington Post UK | Dina Rickman | Posted 28.11.2012 | UK

The government has backed capping interest on payday loans, after concerns some annual rates can reach up to 4,000%. It came after more than 40,000...

Pressure Mounts For Curbs On 'Legal Loan Sharks'

The Huffington Post UK | Jessica Elgot | Posted 27.11.2012 | UK

Pressure is mounting on the House of Lords to approve tough new regulations for payday lenders like Wonga, as more than 40,000 people sign a petition ...

It's Expensive Being Poor - The Punitive Nature of Poverty

Sean O'Meara | Posted 26.01.2013 | UK Lifestyle
Sean O'Meara

In 1999, T.V Smith, founder of the pioneering punk band The Adverts, sang "And I pay more for my food 'cause the supermarket's too far... It's expensive being poor because everything costs more." He had a point.

Labour MP 'Trolled On Twitter By Wonga Employee'

The Huffington Post UK | Posted 21.11.2012 | UK

Payday loans company Wonga is investigating claims one of its employees called Labour MP Stella Creasy a "self-serving egomaniac" on Twitter. Acco...

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 ...

We Need to Protect Consumers From These Legal Loan Sharks

Stella Creasy | Posted 13.01.2013 | UK Politics
Stella Creasy

Today's evidence from R3, the insolvency practitioners, that the rapid and rabid growth of Britain's payday loan industry is leading people to go hungry in order to repay these debts, is saddening but not surprising to me.

Families Going Without Food To Pay Back Payday Loan Debts

The Huffington Post UK | Jessica Elgot | Posted 13.11.2012 | UK

Thousands of people could be going without food, clothes and heating in order to pay back "payday loans", and the number of people taking on the credi...

Is There Really an Ethical Payday Lender?

Ben Hughes | Posted 29.12.2012 | UK Lifestyle
Ben Hughes

It does not surprise me that the number of people seeking help after getting into trouble with multiple payday loans is also growing. But there is an alternative.

Payback to Payday Lenders

Carl Packman | Posted 24.12.2012 | UK Politics
Carl Packman

This industry is growing fast by the day, after being given a great boost by the recession, and it is high time the government gave the regulatory architecture some teeth to make sure vulnerable people aren't being exploited to the detriment of their personal finances further.