Payday Loans or Unsecured Loans?

Payday loans are a product that most of us are familiar with. We may not know the ins and outs but we have all read the headlines, both good and bad. They are aimed at people struggling to wait until their next ‘pay day’ and are usually small amounts of up to £1000-£1500 maximum. However […]


The FCA high cost credit review

After the review into the payday loans industry, the Financial Conduct Authority has now announced that it is to review a wide range of other so called high-cost credit from overdrafts to logbook loans.  Since 2015 the FCA have imposed a number of restrictions on payday lenders, and the way that they do business.  Customers […]


Is the payday loan market still broken?

There has been a lot of criticism over the payday loans industry, with its sky high interest rates and aggressive lending tactics.  However the Financial Conduct Authority (FCA) stepped in and made massive sweeping changes, so has this had a positive impact on the industry? It’s been two years now since new regulations were imposed […]


Is it the end for payday loans?

Earlier this week, the Financial Conduct Authority (FCA) fined CFO lending a whopping £34milion for “bad lending behaviour” and “unfair practices”. The company which traded under brands Money Resolve, Flexible First and Payday First has been ordered to hand money back to nearly 100,000 of its customers. The Citizens Advice Bureau confirmed that payday loan […]


Public opinion on lending changes after Holy intervention

A church taskforce has concluded that there has been a “sea change in public and political opinion” about the use of payday loans, resulting in a fall of 68% from 2013. Indeed in 2013, the Archbishop of Canterbury famously told online lender Wonga that is was going to ‘drive it out of business’ by actively […]



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