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The true cost of lending to short-term borrowers is less than 2% of the amount charged by Wonga, the most expensive and highest profile payday lender. My Home Finance, a not-for-profit organisation set up by the government and the National Housing ...
Read morePayday lenders charge up to 60 times more than true cost of loan
High levels of interest on payday loans are helping to create ‘Zombie’ debtors – people who can only afford to pay the interest on their debts each month and not the debts themselves. Based on a study of 2,000 adults, insolvency trade body R3 ...
Read morePayday loans creating Zombie debtors
US lenders pushing short-term loans that charge up to 5,000 per cent interest per year are targeting low-income UK borrowers abandoned by high street banks. Such so-called payday lenders, which also include homegrown companies, have been attracted by ...
Read more'Legal Loan Sharks' Target UK's Working Poor
JEFFERSION CITY • Six out-of-state companies have joined the fight against a ballot measure limiting how much lenders can charge for payday loans in Missouri, pouring big donations into a new political committee. Over the last three weeks, the companies ...
Read moreSecond group raises big money to oppose Missouri payday lending ballot measure
Waiting to have a blast this Christmas? Everyone waits for the special occasions when one can have fun with their friends and family. But if at such situation you run short of finance, the festive season may turn unpleasant. Keeping such things in mind the ...
Read moreGet Christmas Quick Cash 2011 Payday Loan $2500 Approval Online No Credit Check
Established payday loan broker Payday Power are introducing new validation checks on customer data entered on their website to help the chances of people getting approved for a loan. Payday Power are introducing the validation checks on customer data ...
Read morePayday Power Introduce New Service to Improve Validation Checks
Fears were raised today that struggling Britons will turn to high-interest payday loans over Christmas and next year because of the state of their finances. Insolvency trade body R3 found that 7% of people it surveyed, which could equate to 3.5 million ...
Read moreFears raised over payday loans
Fears have been raised that struggling Britons will turn to high-interest payday loans over Christmas and next year because of the state of their finances. Insolvency trade body R3 found that 7% of people it surveyed, which could equate to 3.5 ...
Read moreFears raised over short-term loans
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