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uSwitch News: payday loans

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Banking 2 years ago

1 in 4 Brits have been refused bank credit

Poor credit scores and lack of awareness forcing many people to turn to payday loans, says new research

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Banking 2 years ago

One in two payday loan customers have positive experience

New research also reveals that 30% would take one out again

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Banking 2 years ago

Three in four payday loans complaints justified

Report reveals at least 76% have grounds for an official complaint to the Financial Ombudsman

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Banking 2 years ago

Consumers asked to rate payday loans industry

Government survey to check lenders are meeting standards

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Banking 2 years ago

Payday loan lenders summoned to government summit

Ministers to hold talks with lenders, regulators & charitable organisations to decide whether more regulation is required

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Banking 2 years ago

OFT threatens to shut down payday lenders

Companies such as Wonga given 12 weeks to change business practices or risk losing licences

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