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Fall in Payday Loan Problems

Fall in Payday Loan Problems

There has been a steady decline in payday loan problems since April 2014, when new regulations were introduced by the Financial Conduct Authority and the regulator took enforcement action against lenders, Citizens Advice has reported. The number of problems fell further when the Government introduced the cap on payday loans on 2nd January 2015.

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Feeling the pinch? Is your credit card spending on the increase?

UK consumers spent £0.9 billion more on their debit and credit cards in January 2014 compared to December last year, according to recent figures from trade body the UK Cards Association.

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