Citizens Advice: 4 Million Britons Paying for Handsets They Own

Citizens Advice: 4 Million Britons Paying for Handsets They Own

The thought of paying for your mobile phone handset twice is inconceivable given there are handsets which cost over £1,000 today. However, that’s what is happening to millions of Britons. Every month, approximately 4 million Britons are paying for mobile… Continue Reading

FCA Warning: Senseless Housing Policy Fueling High-cost Credit Rip-off

FCA Warning: Senseless Housing Policy Fueling High-cost Credit Rip-off

FCA boss Andrew Bailey has called out ministers for “forcing” tenants to take costly loans. According to Bailey, the social housing policy offering tenants unfurnished council homes has pushed many Brits to take high-cost loans. Bailey doesn’t see sense in… Continue Reading

Ministers Set Aside £800,000 for Hunting Down Illegal Loan Sharks

Ministers Set Aside £800,000 for Hunting Down Illegal Loan Sharks

UK Ministers have pumped £800,000 into efforts aimed at cracking down on illegal loan sharks out to exploit the most vulnerable borrowers. Rogue lenders capitalising on desperate borrowers are going to face a fresh stringent crackdown. £100,000 of the money… Continue Reading

The FCA Keeps the Payday Loan Price Cap in Place until 2020

The FCA Maintains the Payday Loan Price Cap in Place until 2020

On 31st July 2017, the FCA published the results of a review it had done on high-cost credit which included an assessment of the effectiveness of its recent payday loan price cap. The review offers undisputed evidence that the FCA… Continue Reading