Debt, rather than earnings, is being used to cover living costs, writes Carl Packman.
Tag Archives: payday lenders
It’s no longer fair for consumers to bear the large, usurious costs associated with loose regulation.
The campaign to tackle the payday lending sector has been gifted another small victory today as the Department for Business, Innovation, and Skills publishes a report calling for more focussed regulatory attention to the sector.
In the UK 12 per cent of people do not have access to a bank account.
if the mountains of usurious cash being built by Wonga, The Money Shop and others seem too high for fairer lenders to scale – ask yourself: did you ever think the Tories would cap the cost of credit?
Previous attempts by Labour at capping the cost of payday loans have been defeated in the Commons by…the Tories; with the aid of their Lib Dems partners, of course.