Payday loans not just used for emergencies

Payday loans are increasingly being used to help pay for everyday expenses such as groceries and not just for emergencies like fixing a boiler or repairing a car, according to new research conducted for the think tank IPPR. 

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Credit Unions Loans V Payday Loans

One of our guest bloggers has provided the following detailed blog post on Credit Unions Loans v Payday Loans:-

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OFT moves against payday lender

oft payday loans uk

It was interesting to see that the Office of Fair Trading (OFT) last week revoked the consumer credit licence of online payday lender MCO Capital Limited ('MCO'), preventing it from making further regulated loans to UK consumers.

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