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.

Protesters demonstrate against payday loan firms in London in May

Church of England to open credit union in its 'war on Wonga'

All members of the Church of England will be able to join church-endorsed credit union within five years, according to new details revealed today as part of the Church’s "war on Wonga".

Lenders lose their appetite for debt forgiveness

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

High-cost payday loan firms set to be exposed

More payday lenders could be forced out of business after the Competition and Markets Authority called for an independent price-comparison site to show borrowers which loans charge rip-off interest.

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.

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