Loans

FCA to probe payday lenders' debt collection practices

Wednesday, 12 March 2014 | News

The regulator is to launch a probe into the way payday lenders collect debts and how they communicate with customers in arrears.

New rules announced for payday lenders

Friday, 28 February 2014 | News

Payday lenders will have to carry out checks to ensure borrowers can afford the loan they apply for, the City regulator has announced.

Number of people with payday loan problems soars

Thursday, 27 February 2014 | News

The number of people seeking help from debt charity StepChange over payday loans rose by a staggering 82% last year, new figures from the charity have revealed.

How much could you pawn an Oscar for?

Thursday, 13 February 2014 | News

With all the cars, jewellery and untold riches Hollywood has to offer, you would think the stars of stage and screen would be financially secure.

Clydesdale and Yorkshire cut personal loan rates

Wednesday, 29 January 2014 | News

Clydesdale Bank and Yorkshire Bank have become the latest lenders to chop their personal loan rates.

People being fleeced by credit brokers

Tuesday, 21 January 2014 | News

Credit brokers have been accused of being "menaces" and causing harm to consumers by a leading consumer rights organisation.

1m Brits turn to payday loans to pay the rent

Wednesday, 15 January 2014 | News

Almost one million Brits have turned to payday loans to pay the rent or mortgage, according to housing charity Shelter.

Payday lenders' default fees could be illegal

Monday, 13 January 2014 | News

Payday lenders could be acting illegally by charging excessive default fees, according to consumer group Which?.

M&S Bank launches lowest-ever personal loan rate

Tuesday, 07 January 2014 | News

M&S Bank has thrown down the gauntlet to bigger high street banking rivals with the launch of its lowest-ever personal loan rate.

Payday lender fined £175k for spam texts

Tuesday, 17 December 2013 | News

Payday lender First Financial has been fined £175,000 for sending millions of illegal spam texts.

The Information Commissioner's Office (ICO) fined the lender after 4,031 complaints were made against the messages.