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That did not stop Stella Creasy MP from denouncing the company for "legal loan-sharking". She wants interest rate caps on payday lenders, which Mr Damelin said he did not support. Wonga hit back at Ms Creasy's remarks. In a public letter it said that ...
Read morePayday loans: legal loan-sharking or a better bet than the banks?
While D&B does substantial debt collection work for payday lenders, Ms Christian said she supported government proposals to reform the sector by limiting the level of interest that could be charged on short-term loans. "It was a long time coming," she said ...
Read moreD&B chief backs payday loan curbs
“We wanted competition against the banks, we’ve got competition against the banks in the form of the payday loan, and now there’s an outcry that it’s too expensive – and yet it’s cheaper than the banks,” said Ms Walton, who is also the ...
Read morePayday lenders warned of clampdown
On average, clients with payday loan debts had eight debts, while those without payday loans had five, said Ms Guy. Borrowers’ increasing reliance on high-cost loans to solve deeper financial problems flies in the face of advice from politicians and ...
Read moreCalls grow for clamp on payday lenders
"Battle looming over Missouri payday loan restrictions" (Nov. 25 ... home-based or center-based care or individual babysitters. As Ms. Cambria's series highlighted, Missouri needs to do more to protect children in child care settings.
Read moreLetters to the editor, December 4
Left with over 400 heartbroken children and many questions Ms. DiMaggio had her suspicions rising ... judgments placed against him in court for issues relating to a former payday loan business. The amount of the judgment is for $780.
Read moreMan Allegedly Promised A Raven Appearance to PTA -- Took Money & No Assembly
Ms. Gaskin said that FICO was still tweaking the credit ... Will that be fully and fairly reflected on the report? Payday loans are another issue, she said. “Payday loans and other high-cost credit are very onerous, and people have trouble ...
Read moreA Credit Score That Tracks You More Closely
Ms. Lambkins asked rhetorically ... that’s one thing but you have this kind of conflict where people are taking out payday loans at exorbitant interest rates and that’s real tragic.” The huge push by advertisers and high spending among ...
Read moreDeath, pepper-spray, fights, robbery part of high price of holiday spending
One aspect of hardship described by the charity as particularly disturbing is that six per cent of parents surveyed said they had turned to high interest, short-term payday loans to cope with ... get through financially.” Ms Milburn added: “We ...
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