Tag: personal finance

Demand for Community Finance soars as ethical lenders take on the Wongas

04.10.2012 Enquiries to ethical ‘community finance’ providers have more than doubled in the last year as individuals seek routes out of high interest debt traps, according to new figures released by the CDFA today. Continue reading

CDFIs a lifeline for 21,000 households – saving many from loan sharks

Consumer loans from CDFIs have increased by 35% in the last financial year Continue reading

1 in 8 workers using payday loans – and losing three days’ wages

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

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

Innovation Awards: Overall Winner

SHIMMER (Smart Homes Integrating Meters Money Energy Research), a smart home energy pilot, brings vulnerable and fuel-poor households energy management and income maximisation services. 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

Credit Unions to expand their services under new legislation

10 November 2011. Including allowing credit unions to provide services to community groups, attract investment from local businesses. Continue reading