Banks less willing than ever to write off personal debt, Money Charity warns

Banks may be getting tougher with people who fall into financial difficulties, a debt charity has warned. New statistics from The Money Charity published today reveal that the amount of personal debt banks and building societies write off reached an all-time low during the first quarter of the year.

Payday loan borrowers 'paying too much'

Payday loan borrowers are being ripped-off with some paying £30 more than others for borrowing just £100, the Competition and Markets Authority warned this morning.

Plastic card usage trumps cash payments

Spending on plastic cards topped £0.5trillion for the first time last year, as shoppers moved further away from cash.

Money Alert: Logbook loan firms accused of not making adequate affordability checks

Logbook loan firms are the latest credit companies to come under the scrutiny of the City Watchdog. The Financial Conduct Authority's investigation has thrown up examples of lenders not making adequate affordability checks and encouraging applicants to lie on loan forms.

Banks may face extra £1bn hit over mis-selling of payment protection insurance

Card issuers thought they'd managed PPI compensation – will shortfalls mean recalculations?

Emma Lunn: All credit to the Church for leading the charge against dodgy lenders

Last week saw my colleague Simon Read look at the payday-loan industry. With many short-term, high-cost lenders forced out of business by a strict new regulatory regime, he feared that a new raft of unscrupulous lenders marketing themselves as an alternative to payday lenders could be just as bad – and as expensive – for consumers.

Money Insider: How to avoid the clutches of payday lenders

A low credit score doesn't mean a payday loan is your only option. Despite ongoing threats of a clampdown on high-cost consumer credit, we are still bombarded by payday loan adverts.

Bank customers opt for green over greed

Growing numbers of people are switching from  high-street firms to ethical alternatives

Simon Read: Who'll replace the payday lenders that ran away? The angels of finance, or the sharks?

Following last week's news that the 451-branch Cheque Centre has in effect been forced to scrap payday loans by new Financial Conduct Authority rules, there are further encouraging noises from the City watchdog about the high-cost credit sector.

Wonga is Britain’s biggest payday lender

Tougher rules turn half of Britain’s 210 payday lenders away from rapid loans

The tide may finally be turning against Britain’s payday lending companies, according to new statistics showing that the introduction of tougher rules has prompted almost half of them to stop offering rapid loans.

Our credit reports can leave us confused

Many people don't understand crucial credit-reference reports, which can hit their chances of getting a mortgage or other loans.

Debt firm wrongly snatched cash from graduates

Erudio Student Loans blames IT issue for mistake after money disappears from accounts, reports Simon Read

Five Questions About: Payday loans

 

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