MoneySavingExpert News
Payday Loans
Workers are increasingly turning to payday loans firms because their wages run out before the end of the month, creating a "debt disease" which is spreading rapidly across the country, a new report has warned.
27 June 2012
Vulnerable borrowers could be better protected against payday loan companies, after lenders agreed to improve their codes of practice under Government pressure.
24 May 2012
Payday lender Wonga has been ordered to stop aggressive debt collection tactics or face a £50,000 fine. In some cases it has accused debt-ridden customers of being fraudsters for paying late.
22 May 2012
Payday lenders claimed today they are being unfairly tarnished by politicians who have "misunderstood" the service provided.
26 April 2012
Citizens Advice will replace the taxpayer-funded Consumer Focus group under Government plans to shake up the consumer protection system.
11 April 2012
Tougher action is needed to clampdown on "opaque and poorly regulated" commercial debt management companies and payday lenders, a report from MPs urged today.
7 March 2012
The controversial payday lending market is to be investigated by the Office of Fair Trading, the watchdog said this morning.
24 February 2012
17 February 2012
A Member of the Scottish Parliament will today call for the UK government to introduce stricter controls on payday lenders.
12 January 2012
11 January 2012
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