Payday Loans

We'll Be Back Right After This Break - The Fact and Fiction About Advertising of Payday Loans

Russell Hamblin Boone | Posted 08.06.2015 | UK
Russell Hamblin Boone

Short-term lenders have proven themselves to be committed to responsible advertising, continual improvement and consumer protection. Yet some guarantor lenders and other credit providers still advertise widely, using many of the techniques that payday lenders have been told are unacceptable.

Wonga Has Revamped Its Image And Banished The Granny Puppets

The Huffington Post UK/PA | Louise Ridley | Posted 19.05.2015 | UK

Payday lender Wonga has unveiled an all-new image with an advertising campaign featuring "hard-working dinner ladies and mums" after ditching its cont...

Mass Workfare, Mass Sanctioning, Food Banks and Pay Day Loans: Welcome to the Recovery

Christian Garland | Posted 07.05.2015 | UK Politics
Christian Garland

The apparent 'economic recovery' of the UK of May 2015, can be seen in the extremely dubious terms set by the formerly incumbent Conservative-led coalition government, and none more so than in the widespread use of food banks and payday loans by the unemployed, and 'working poor' alike.

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.

No Sympathy For Wonga As Everyone Makes The Same Predictable Joke

The Huffington Post UK/PA | Jack Sommers | Posted 21.04.2015 | UK

Payday lender Wonga has slumped into the red after revenues slumped by almost £100 million last year... prompting zero sympathy and almost everyone o...

Could You Review a Movie From Just the Opening Credits?

Russell Hamblin Boone | Posted 24.05.2015 | UK
Russell Hamblin Boone

However, the thematic review should have been much clearer about when non-compliance was identified and whether the firms responsible are still trading. Until we tackle the institutional misrepresentation of the industry it will be difficult for consumers to break free of out of date financial services and embrace new technology and new attitudes to financial management.

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.

Student Overdoses On Slimming Pills After Taking Out Payday Loan

The Huffington Post UK | Kate Samuelson | Posted 11.12.2014 | UK Universities & Education

A student who took a fatal overdose of slimming pills was plagued with money worries after a payday loan he had taken out increased from £100 to £80...

Rats Deserting A Sinking Ship? Third Wonga Boss Quits In A Year

The Huffington Post UK | Asa Bennett | Posted 20.11.2014 | UK

Wonga has lost its third chief executive in a year after Tim Weller left after just six months in the role. Weller took over from Niall Wass in May...

Climbing the Credit Ladder When the First Rung Is Missing

Russell Hamblin Boone | Posted 17.01.2015 | UK
Russell Hamblin Boone

Should responsible borrowers be rewarded for their good financial management with access to increasingly cheaper forms of finance? A new report says 'yes', but not everyone thinks they should be allowed to climb the credit ladder.

Wonga To Remove Logo From Children's Newcastle United Shirts

PA | Posted 14.11.2014 | UK Sport

Controversial payday lender Wonga has agreed with Newcastle United to remove its logo from all children's replica shirts and training wear from the 20...

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.

First Payday Loans Shop For Children Opens In London*

Huffington Post UK | Sara C Nelson | Posted 29.10.2014 | UK

The first payday loans shop especially for children has opened in London. Pocket Money Loans offers youngsters advance loans on their pocket money...

Debt - The Silent Assassin

Mike Beeson | Posted 13.12.2014 | UK
Mike Beeson

I make the distinction here between 'consumer' and 'business' debt. Yes, they're different, but some of the effects of catastrophic corporate failure can have a similar impact on the personal lives of those caught up in a business collapse.

Latest Wonga Shame As Misleading Advert Is Banned From TV

PA/Huffington Post UK | Posted 08.10.2014 | UK

An ad for payday lender Wonga has been banned for breaching regulations by failing to disclose the relevant cost of borrowing. The television ad showe...

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...

Sharp Fall In Profits Expected For Wonga

PA/Huffington Post UK | Posted 29.09.2014 | UK

Controversial payday lender Wonga is expected to report a sharp fall in profits when it publishes its full-year results tomorrow. The firm, which has ...

Protect Children From Payday Loan Adverts

Matthew Reed | Posted 16.11.2014 | UK
Matthew Reed

Many parents believe payday loan companies are using children's 'pester power' to pressure them into taking out loans. This is putting families that are already struggling to make ends meet under even greater stress, and can plunge them into debt.

Financial Copywriter Wanted - Experience Preferred

Mike Beeson | Posted 05.11.2014 | UK
Mike Beeson

Copywriters are called upon to write about many things. For the most part, their political and socio-economic views are of no consequence. Products ...

Payday Loans Leave Thousands More Struggling With Debts

The Huffington Post/PA | Posted 02.09.2014 | UK

Payday loans are leaving thousands more people struggling with their debts in the past year, figures show. Debt charity StepChange said they dealt...

The Magic Men Making Us Broke

Vivi Friedgut | Posted 11.10.2014 | UK Lifestyle
Vivi Friedgut

Companies design for planned obsolescence - so that products breakdown forcing us to buy more and more often. But it was us that created psychological obsolescence. We want the newest, shiniest whatever the second it is available regardless of whether the slightly older, slightly less shiny thing is still working perfectly or is in no way demonstrably inferior.

If Wonga Adverts Told The Brutal Truth

The Huffington Post UK | Posted 23.07.2014 | UK Comedy

Imagine what it would be like if Wonga commercials were brutally honest? We did... (Video for HuffPost UK Comedy by David Schneider and Handface...

Payday Lenders Target Debt-Ridden Families With New Nuisance Tactic

The Huffington Post UK | Asa Bennett | Posted 22.07.2014 | UK Politics

Payday lenders are "bombarding" debt-ridden families with unsolicited marketing calls pushing them to take out more loans, new research has found. ...

Will The Payday Loan Cap Actually Change Anything?

The Huffington Post/PA | Posted 15.07.2014 | UK Politics

People using payday lenders are to see the cost of borrowing fall significantly under a crackdown announced by the financial regulator today, but crit...

Wonga To Axe These Puppets In Bid To Stop Attracting Children

The Huffington Post UK | Asa Bennett | Posted 14.07.2014 | UK

Wonga's grandparent puppets, stars of the controversial payday lender's recent adverts, are to be axed as part of the firm's attempt to avoid "anythin...