The City watchdog is clamping down on payday lenders, after complaints from borrowers more than trebled this year. Just two weeks ago, Money Mail raised concerns about the tactics lenders use to entice borrowers. Now, the Financial Conduct Authority (FCA) has written to 150 payday-lending bosses, ordering...

not sure if this is the right place but....

my daughter and her partner were declined a mortgage recently after failing a credit check.
After investigating it seems her partners ex wife has run up dozens of defaulted debts after they split but before they were divorced.
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I am currently on a DMP and have had £6749.47 refunded in interest from Tesco Bank as during my DMP they failed to supply me with a notice of sum in arrears in accordance with the CCA.This got me thinking about other debts on my plan which are mainly credit card debt with the odd pay day loan and energy...

Payday loan charges cap takes effec

This is a duplicate of the Blog Entry made on 2nd January 2015 11:53.

*A cap on the cost of payday loans enforced by the City regulator has now come into effect.* Payday loan rates will be capped at 0.8% per day of the...

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Wonga boss Errol Damelin quits

This is a duplicate of the Blog Entry made on 14th June 2014 10:24.

*weeks after chief exec* *The pay day lender now has no permanent management team* The chairman and founder of controversial pay day lender...

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Hello,

I am hoping someone can help me regarding an old account of mine that feel into debt.

It was a Yorkshire Bank Account that I opened Nov-08 and late 2010 after failing to make some Direct Debits this led to lots of charges and fees and a £383 debt. I tried...

Wonga boss leaves after six months

This is a duplicate of the Blog Entry made on 23rd May 2014 10:03.

*Niall Wass announces departure, leaving group with no permanent chief executive or chairman* Wonga has lost its second chief executive in the...

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Last night after a program on repossessions on 5* there was possibky the worst piece of journalism anyone has ever seen. It was a discussion on debt.
They had people who said they were in debt ad didn't care, the "comedian" Jim Davidson who blamed the tax office for making him bankrupt,...

In January, I was telling my hubby about one of those steam mops that were on offer in Currys for just £39, it was otherwise not far off £100, so a great saving.
He popped into our local Currys and as they did not have on in stock they made on order on the computer and my hubby made the payment...

Loan Sharks

This is a duplicate of the Blog Entry made on 27th January 2014 11:36.

The figures in this article are quite frightening. The loan shark market is equivalent in size to one-third of the pay day lender market. 60 people...

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Which? report -Payday lenders default fees may be unlawful under UTCCR 1999

This is a duplicate of the Blog Entry made on 13th January 2014 10:04.

Which? have concluded an investigation into pay day loans and have concluded that many of the default charges are disproportionately...

[Source = Credit Today 12th Dec 2013]

Payday lending firm Web Loans Processing Ltd, which trades as Toothfairy Finance, has entered administration.

Freddy Khalastchi and Martin John Atkins of Harris Lipman were appointed joint administrators of the company on 28 November...

Young, British and Broke: The truth about Pay Day Loans

This is a duplicate of the Blog Entry made on 3rd December 2013 21:11.

With a million people set to use payday loans to pay for Christmas this year, Miquita Oliver goes undercover to find out the truth about ......

Overseas UK pensions 'blocked for spouses'

This is a duplicate of the Blog Entry made on 6th May 2013 09:19.

People living abroad will no longer be entitled to a British state pension based solely on their spouse's work history, under government plans....

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Most Ph.D. students spend their days reading esoteric books and stressing out about the tenure-track job market. Thomas Herndon, a 28-year-old economics grad student at UMass Amherst, just used part of his spring semester to shake the intellectual foundation of the global austerity movement.
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