Controversial payday loans company Wonga wants to team up with the government to get the economy growing, a collection of lobbying letters reveal. ...
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 Katona's advert for payday loans company Cash Lady was "irresponsible" and could influenced vulnerable viewers that high interest loans could he...
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.
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...
If you needed any more convincing that the payday loan sector needs investigating for bad practice, try this; the financial ombudsman has seen complai...
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...
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.
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...
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.
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...
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...
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!
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...
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.
Payday lenders are exploiting vulnerable students, according to the National Union of Students, which has condemned such companies as "unethical and i...
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 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 ...
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.
Payday loans company Wonga is investigating claims one of its employees called Labour MP Stella Creasy a "self-serving egomaniac" on Twitter. Acco...
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 ...
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.
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...
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.
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.
