All posts tagged payday loans

Payday loans

Price cap regulation on payday loans confirmed by FCA

UK financial services regulator the Financial Conduct Authority (FCA) confirmed on Tuesday that payday lending will be price capped, with the initial costs of short-term credit loans, interest and fees capped at 0.8% per day and fixed default fees capped at GBP15, from […]

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Payday loans

Estimated 62% of young adults relying on  payday loans to make ends meet

Young British people aged 17 to 24, who are struggling to make ends meet, are turning to risky credit options according to figures released on Thursday by consumer

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Are There Alternatives To Unscrupulous Payday Loan Lenders?

New legislations set to come into effect in 2015 to regulate payday loan firms and moneylenders should provide an extra level of security for borrowers who have been

Payday loans

Payday lenders to face tougher rules on debt collection practices

The Financial Conduct Authority (FCA) announced on Wednesday that it will carry out an in-depth thematic review on the methods used by payday lenders and other high cost

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Cost of payday loans to be capped under new legislation

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UK Financial Conduct Authority announces plans to strengthen consumer credit regulations on payday lending

New regulations to provide better protection for borrowers are to be put in place by the UK Financial Conduct Authority (FCA) next year, when the government agency will

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Escaping the Payday Loan Trap

When Payday loans get out of hand it can quickly lead to a vicious circle of debt in which you find yourself taking out new loans each month

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A step-by-step guide to borrowing against your assets

Thanks to the tricky financial climate, a lot of us are quite focused on ways to save and generate money. In the last few years, the idea of

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The Truth About Payday Loan Fees Compared to Alternative Loan Charges [Infographic]

This info graphic looks at the cheapest way to borrow £100 on a short term basis from four different solutions. The case study focuses on Peter, who represents

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Payday Loans Usage Quadruples

The use of payday loans has quadrupled in the past four (4) years and are continuing to be a new source of borrowing for consumers. There has been many

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