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Philip Hammond Launches Assault on Payday Lenders and Loan Sharks

Philip Hammond Launches Assault on Payday Lenders and Loan Sharks

Philip Hammond has his sight on payday lenders and loan sharks. The UK government has plans to launch a no-interest loan scheme for low-income individuals in Britain. Hammond is expected to tackle the debt problem by establishing an alternative for… Continue Reading

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Britain Welcomes New Savings Bank, Marcus – a Goldman Sachs Subsidiary

Britain Welcomes New Savings Bank, Marcus - a Goldman Sachs Subsidiary

Britain is set to get a new savings bank by the end of this month. However, the company behind it isn’t new. Marcus is a subsidiary of Goldman Sachs, the American investment bank once known as the “vampire squid”. Goldman… Continue Reading

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Payday Loans Still RULE in The UK Despite Wonga Collapse!

Payday Loans Still RULE in The UK Despite Wonga Collapse!

Campaigners have raised alarm over British households continued overdependence on payday loans despite Wonga’s collapse. This can be attributed to the current economic pressures. British households must rely on high-cost short-term debt to survive the tough economic conditions currently. The… Continue Reading

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Why Are People Being Denied Payday Loans?

Why Are People Being Denied Payday Loans?

Getting a payday loan isn’t automatic. Although choosing a payday lender with a high approval rate helps, your loan can still be declined. Why? Changing business models Before the FCA introduced a price cap on the total cost of payday… Continue Reading

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U.S. Based Payday Loan Giants May Face Legal Action for Huge Scandal

U.S. Based Payday Loan Giants May Face Legal Action for Huge Scandal

Paydayrefunds.co.uk is planning to take action against U.S. based payday loan giants Curo, Lending Stream, and QuickQuid which targeted British customers charging them up to 2000% APR. The U.S. lenders have been accused of exploiting vulnerable Britons in a scandal… Continue Reading