Ian Jordan took his own life when he was unable to cope with payday loan debts, which spiraled out of control. The man in this picture is a model

Grandfather took his own life after racking up £20k of debt with a dozen payday loan companies, inquest hears

Ian Jordan, a grandfather described by his daughter Samantha as the “life and soul of the party” was unable to cope with payday loan debts which spiraled out of control, and took his own life, an inquest has heard.

Ban on payday loan 'excesses'

The Financial Conduct Authority is to force payday lenders to limit how much they charge. The City watchdog said that, from 1 January next year, interest and fees charged by short-term lenders must not exceed 0.8 per cent per day of the amount borrowed.

Simon Read: Signs at last of payday clean-up

Britain's most profitable payday lender, Wonga, announced a new chairman this week. He's a former insurance chief who says he hopes to revive the firm's reputation.

Money Alert: Twice as many young women fall into debt woes

Young women aged between 18 and 24 are almost twice as likely as men to fall into debt despair, according to Insolvency Service figures published this week.

Moment of truth for payday lenders: Watchdog plans to curb cost of short-term loans

The chief of the City watchdog, Martin Wheatley, spoke exclusively to The Independent's Simon Read about its attempts to control the worst excesses of unscrupulous high-cost credit companies
Protesters rally against Britain’s biggest payday lender

Credit unions to offer instant online approvals as ministers clamp down on payday loans industry

Last month, Wonga was forced to pay borrowers £2.6m in compensation after chasing them with fake legal letters

Five Questions On: New payday lending rules

Are lenders being forced to act responsibly at last?

High-cost credit companies, such as Wonga, have been banned from rolling over loans more than twice

Payday lenders must shape up from tomorrow or lose their license under new rules

Payday lenders must act more responsibly or face being put out of business under new rules that come into force tomorrow.

Money Insider: 10 tips for credit-card balance transfers

The credit-card balance transfer war shows no signs of cooling off with some interest-free deals now close to three years in length, so here are some useful tips to help you make the most of these offers, plus some of the stumbling blocks to watch out for.

Rejected by the lenders? There is now a third way

There's a growing finance gap opening up as individuals and small businesses are turned down for loans at banks and building societies. The danger is that they fall into the clutches of unscrupulous, high-cost credit providers.

Simon Read: The only place for Wonga now is in the last-chance saloon

Britain's most profitable payday lender, Wonga, got off lightly this week despite being caught using despicable bullying tactics.

Get more value for your pound on holidays

Many Britons are caught out by conversion charges they don’t anticipate

Alternative lenders move to close funding gap for credit-starved borrowers

There’s a finance gap opening up among people and small businesses that are being turned down for loans at banks and building societies.

The Most Rev Justin Welby

Welby’s 'war on Wonga' is mixed blessing

Members of the Church of England will be able to join a church-endorsed credit union within  five years.

Logbook loans leave second-hand car buyers at risk

An increasing number of second-hand car buyers could have their vehicle snatched from them because of an outstanding logbook loan from the previous owner.

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