Credit unions win £38m to tackle payday lenders

This is a duplicate of the Blog Entry made on 17th April 2013 14:59.

*The government is handing £38m to credit unions to help them challenge payday lenders and loan sharks. * The *Association of British Credit......

Wonga responds to OFT’s payday report

This is a duplicate of the Blog Entry made on 7th March 2013 10:41.

Online lender Wonga has agreed with the need for tighter controls in the payday lending sector to “stamp out” the worst practices, in response to...
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payday lenders to face ban on 'rollover' loans

This is a duplicate of the Blog Entry made on 3rd March 2013 11:50.

*Celebrity-endorsed cash companies branded 'legal loan sharks' face curbs* A clampdown on controversial payday lenders is due this week by the...
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I have been doing a bit of research on this outfit, I hope you find my observations of interest.

As you are probably aware Britannia Recoveries S.A.R.L. is a company which has bought up large portfolios of accounts from the likes of Egg, & MBNA. As far as I can ascertain they operate...

Over 100 debt advice firms exit market

This is a duplicate of the Blog Entry made on 31st January 2013 19:26.

More than 100 debt management firms have exited the market in the last two years, the Office of Fair Trading (OFT) has revealed. It follows a...

Click...

So me and Barclays again! I give up with this bunch of idiots..

So as i detailed previously, i sent recorded mail to cancel all my CPAs with PDL sharks, and Barclays responded saying "we will ask to have them cancelled, but no promises" (i paraphrase but yea).

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Hi all

I was under impression that debts shouldn't be disclosed to other people at your home etc for intimidation and harassment etc.
But i have had two letters now, one from Wonga and one from Quick Quid to my address (family house share) where they have there name emblazoned...

Politicians trapped by public opinion into into crowd-pleasing attacks on banks

This is a duplicate of the Blog Entry made on 23rd December 2012 11:01.

Politicians know that bank regulation is too tough but are trapped by public opinion into crowd-pleasing attacks on the...

Government stalls on payday loan regulation despite 'legal loan sharks' targeting hard-up families

This is a duplicate of the Blog Entry made on 14th November 2012 18:34.

*.....'legal loan sharks' targeting hard-up families at Christmas* Ministers have refused to consider...

Hi all just found this on my news feed.

Have you ever used a payday loan? What was your experience of it?

Have you ever had a positive experience of a pay day loan? (And you don't work for Wonga?)

Email jessica.elgot@huffingtonpost.com

I...

PE firms bid to acquire Arrow Global

This is a duplicate of the Blog Entry made on 22nd October 2012 17:48.

Two private equity companies including TDR Capital, the owner of debt buyer Lowell Group, are believed to be among the final bidders vying to acquire...

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How did you get on with these loan sharks??

Did you get it all sorted chuck?

26
owe around 5k in debt
5 defaults (didn't know littlewoods defaulted me until i used free trials to check my credit report)

last default was for me to able to pay littlewoods caterlogue registered 28/04/2012

oldest default 17/10/2010 HSBC

I basically...

Hi All

So over the last couple of years my mailbox has been bombarded with emails from payday loan companies for new business.

Now apparently the payday loan industry has cleaned up its act, and doesn't encourage people to borrow more than they can afford etc.

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see attached letter and reconstructed terms and conditions.

I have written to them under CPUTR regulations asking them to state whether they have the original document with my signature on. We will await and see.

Why if they have, do they always mess about cut and pasting...