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Payday Loans

The introduction of the universal credit benefit is "a terrible move for financial inclusion" for those who struggle to manage their monthly budgets, according to MoneySavingExpert.com founder Martin Lewis, who has told Parliament that ring-fencing should be introduced to protect vulnerable people.
8 November 2016

Payday lender Wonga has double-charged up to 7,000 customers following a technical glitch, leaving some unable to pay their bills – but while the firm will provide refunds and pay costs incurred by those left out of pocket, it won't commit to paying borrowers interest on the money which was wrongly taken.
3 October 2016

The falling value of people's earnings since 2007 has left 3.2 million households in "problem debt," spending at least a quarter of their earnings on repayments, while 1.6m of these in the most "extreme" type of debt are losing at least 40% to repayments, a report published today has warned.
23 August 2016
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