Loans

Small loan borrowers getting a raw deal

Tuesday, 24 September 2013 | News

The difference between the best and worst deals on a £3,000 personal loan over three years is £851, and an eye-watering £1,481 over five years, according to new research.

Barclays to refund loan customers

Tuesday, 17 September 2013 | News

Barclays is to refund more than 300,000 personal loan customers because of errors it made on their loan statements.

Wonga's bumper profit triggers intense debate

Wednesday, 04 September 2013 | News

Payday lender Wonga has revealed profits of £1.2 million a week and a 70% annual rise in the number of loans it approves.

OFT forces 14 payday lenders out of business

Tuesday, 30 July 2013 | News

Fourteen payday lenders have withdrawn from the controversial short-term loans market in response to an Office of Fair Trading deadline for the sector to clean up its act.

Church wants to force Wonga out of business

Thursday, 25 July 2013 | News

The Archbishop of Canterbury has attacked Wonga, claiming the Church of England will provide assistance to credit unions to try to force the payday loans firm out of business.

Payday loan debts continue to worsen

Friday, 12 July 2013 | News

The number of borrowers getting into difficulty with payday loans is growing, according to a leading debt charity.

Payday lenders to be investigated

Thursday, 27 June 2013 | News

The Office of Fair Trading has referred the UK payday loans market to the Competition Commission.

Payday lender banned from sending irresponsible texts

Wednesday, 19 June 2013 | News

A payday lender has been banned from sending "irresponsible" texts that promoted the idea that payday loans can be used to fund a social life.

Payday lender exposed for using celebrities' images

Friday, 07 June 2013 | News

A leading figure from the business world has expressed shock at her photograph appearing on a payday lender's website alongside a favourable review of the lender's service.

OFT blasted over "ineffective" payday loans regulation

Friday, 31 May 2013 | News

The regulator responsible for policing the payday loans industry has been "ineffective" in regulating the market and been "timid rather than tough", a committee of MPs said in a report published today.