Payday Loans

Protect Children From Payday Loan Adverts

Matthew Reed | Posted 16.09.2014 | 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 08.09.2014 | 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 12.08.2014 | 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...

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.

Big Banks Are Threatening People With Dodgy 'Wonga-Style' Lawyers

The Huffington Post UK | Asa Bennett | Posted 04.07.2014 | UK

Britain's biggest banks are hitting customers with legal threats from what appear to be independent lawyers, but are actually names used by the bank's...

Police Could Get Onto Wonga Over Fake Legal Letters Bullying Debtors

The Huffington Post UK | Asa Bennett | Posted 27.06.2014 | UK Politics

Wonga could face a criminal investigation after it emerged that the payday loans giant had sent "thuggish" legal letters from fake law firms to threat...

Wonga To Pay Millions For 'Unfair' Hassling Of Customers

The Huffington Post UK | Asa Bennett | Posted 25.06.2014 | UK Politics

Controversial payday loans giant Wonga will have to pay around 45,000 customers more than £2.6 million in compensation for "unfair and misleading deb...

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...

Household Finances on the Edge

Peter Tutton | Posted 09.06.2014 | UK Politics
Peter Tutton

Our major survey of British family finances finds that 15 million people are already showing signs of financial difficulty, 13million wouldn't have the savings to keep up with their essentials bills for a month if their income dropped by a quarter, and 16million would consider using unsecured credit to keep up with essentials.

Wonga Ad Banned Over Interest Rate Information

The Huffington Post UK | Posted 09.04.2014 | UK

A Wonga advert has been banned for implying that the representative APR of 5853% was "irrelevant". The television ad for the payday loans company f...

We've Capped the Cost, Now We Need to Police the Puppets

Steve Doran | Posted 04.06.2014 | UK Politics
Steve Doran

I hate the Wonga puppets. Partly, that's just because the nightmare-inducing little monsters creep me out. But mainly I hate them because they keep popping up in my inbox, asking me if I want to win a PS4 or join their 'social site'...

What's the True Impact of Debt?

Jo Salter | Posted 26.05.2014 | UK Politics
Jo Salter

Debt is only as bad as the harm that it causes, which is why the Demos report out today has created a 'Harm Index' measuring the impact of debt. It suggests ways that debt support should be tailored to the individual struggles individuals face, and also argues that lenders who cause the most harm face stronger penalties.

Here's Why You're Much More In Debt Than You Think

The Huffington Post UK/PA | Posted 27.03.2014 | UK Politics

Rent, council tax and utility bill arrears often have just as damaging an impact on people as payday loans, according to a new 'harm index' designed t...

Ministers Refuse To Ban Payday Loan Ads On Kids' TV

The Huffington Post/PA | Posted 25.03.2014 | UK Politics

Ministers have declined to back MPs' calls for a ban on payday loan adverts on children's television despite admitting there had been a "concerning" r...

UK Banking System Gambles With Brits' Livelihood

Alex Letts | Posted 18.05.2014 | UK
Alex Letts

Coinciding with an unforgettable week of racing at Cheltenham, Britain's gambling industry has had some rather less sunny headlines. Recent figures from the Campaign for Fairer Gambling revealed that, across the 55 most deprived boroughs in the country, more than £1.3bn was gambled on fixed-odds betting terminals last year, £470m of which was lost...

'Stop Payday Loans' Says Ex-Dragon Theo Paphitis

The Huffington Post UK | Asa Bennett | Posted 14.03.2014 | UK Politics

Former Dragons' Den star Theo Paphitis has hit out at "morally bankrupt" payday lenders and called for them to be outlawed. Writing on Twitter, the...

6 Shocking Things You Wouldn't Believe Payday Lenders Have Done

The Huffington Post UK | Asa Bennett | Posted 13.03.2014 | UK Politics

Payday lenders have spread so far across Britain's high streets that there is now one lender for every seven banks and building societies. The shoc...

Welcome To The United Kingdom of Wonga..

Karl Davis | Posted 21.04.2014 | UK Politics
Karl Davis

It's almost as hard to escape the many 'payday loan' advertisements that flood virtually every advert break in the TV schedule these days as it is to access any strand of public service that hasn't been flogged off to the private sector.

Can Payday Loans Affect Your Mortgage Chances?

James Jones | Posted 13.04.2014 | UK
James Jones

I think it's safe to say that most people have heard of payday loans, what with the countless adverts for them on TV these days. A lot of people have heard of them, a lot of people use them, but how many people actually know about their effects on credit ratings?

Ed Miliband's Leadership Rests on Personality Politics

Professor John Gaffney | Posted 13.04.2014 | UK Politics
Professor John Gaffney

What a lot of observers are missing, supporters and "Milibashers" alike, is that the measures Miliband has announced are forming a narrative of leadership in the Labour Party... Miliband has spent the past three years having his credibility as a future prime minister questioned, and he's only just now mounting a concerted challenge to this hostile narrative.