Payday loan interest capped at twice original loan

Tuesday, 15 July 2014 | News

Customers using payday loan companies will never have to repay more than twice the amount they originally borrowed, under tough new proposals from the Financial Conduct Authority (FCA).

Complaints against payday lenders double

Tuesday, 08 July 2014 | News

Complaints about payday loans have more than doubled in the past two years but the numbers are only 'the tip of the iceberg', the Financial Ombudsman Service (FOS) has revealed.

Wonga sent letters from fake law firms to chase debt

Wednesday, 25 June 2014 | News

Payday lender Wonga is to pay £2.6 million to customers after the company was found to have sent fake letters threatening legal action from made-up law firms.

How can I protect the cash I'm lending my brother?

Wednesday, 18 June 2014 | Question and Answer

Yes, it would be wise to have an agreement drawn up so you both know where you stand - it's so easy to fall out with friends and family over money.

Could you cut your loan repayments by switching?

Wednesday, 18 June 2014 | News

Some 65% of Brits don't realise they can switch a personal loan to another provider before the end of the loan term, research has revealed.

Middle-class debt revealed

Friday, 13 June 2014 | News

Some 20% of Brits earning more than £31,000 a year are in debt to the tune of thousands of pounds, new research has revealed.

Payday loan borrowers paying over the odds

Wednesday, 11 June 2014 | News

Payday loan customers are paying over the odds for loans and an independent price comparison website should be launched to help them choose the best deal, the Competition & Markets Authority (CMA) has stated.

A poor credit score ups bills by £1,300

Tuesday, 13 May 2014 | News

Households with poor credit scores pay £1,300 a year more for utility bills and loans than families with higher scores, according to new research.

Personal loan rates halve since January

Wednesday, 07 May 2014 | News

The interest charged on personal loan rates have plummeted to their lowest in 16 months, according to a comparison website.

Misleading' Wonga advert banned

Wednesday, 09 April 2014 | News

A television advert for payday loan company Wonga has been banned because it implied that an interest rate of 5,853% was "irrelevant”.