MoneySavingExpert News

Payday Loans

Customers of payday loan firm CFO Lending to receive £34m in redress for 'unfair practices'

Payday loan firm CFO Lending will pay more than £34m of redress to 97,000 customers after treating them unfairly

19 September 2016

1.6 million families in 'extreme' debt

Millions are spending at least 40% of their wages on debt repayments, research has found

23 August 2016

Payday loans and packaged bank accounts climb complaints league – but PPI remains top by a distance

Payday loans and packaged bank account complaints have skyrocketed during 2015/16, but PPI remains top of the league

26 May 2016

Google bans payday loan ads to protect users from 'harmful financial products'

Payday lenders will no longer be able to advertise on Google from 13 July

12 May 2016

QuickQuid and Pounds to Pocket to refund £1.7m to 4,000 payday loan borrowers

CashEuroNet UK LLC, trading as QuickQuid and Pounds to Pocket, lent some customers more than they could afford to repay

4 November 2015

Payday lender Dollar to refund over £15m to 147,000 borrowers

Dollar, trading as The Money Shop, Payday UK, Payday Express and Ladder Loans, lent many more than they could afford

26 October 2015

Guest Comment: How Sheffield City Council is supporting payday loan alternatives

Sheffield City Council has supported the setup of a not-for-profit organisation tackling unfair access to finance

23 October 2015

Payday loan ads could be banned from kids' TV

The advertising watchdog has launched a consultation on whether to restrict when payday loan adverts are broadcast on TV

8 October 2015

Payday lender Cash Genie to pay £10m redress for 'serious failings'

More than 92,000 customers of payday loan firm, Cash Genie, are due a share of £10m in redress

27 July 2015

Wonga launches new TV ad campaign, which it says won't be shown on kids' TV

Payday lender Wonga is launching a new advertising campaign after ditching its controversial puppet ads

19 May 2015