Workers are increasingly using payday loans because their wages run out before the end of the month, according to a new report published by the union Unite. Continue reading
Tag: High interest lenders
People struggling to pay for food and bills caught in a payday loans debt trap
Over 60% of people who took out payday loans were using the money to pay for household bills or buying other essentials like food, nappies and petrol, a survey by Which? has revealed. CDFA’s Chief Executive Ben Hughes comments on the figures below. Continue reading
Loan service launches attack on the zombies
10th January 2012. A Glasgow housing association is teaming up with CDFA member Scotcash to help tackle “zombie debtors” Continue reading
Battling the legal loan sharks and expanding affordable credit
18 October 2011. A series of articles and research on affordable credit provision and high cost lenders Continue reading