Monthly Archives: July 2014
Cash Genie scrutinised for unauthorised charges
Cash Genie is the latest of several overnight loan companies to fall under increased scrutiny for treating customers unfairly. In this case though, it was a self-reported matter in which the firm notified the Financial Conduct…
Best personal loan rates now under 4.5pc
Amid the news of High Street lenders charging obscene interest rates, a flurry of new lows have been announced in recent weeks with concern to personal loan rates. Competition between banks is actually benefiting consumers…
The Money Shop volunteers to refund £700,000
A UK pawnbroker that provides payday loans has announced that it will be refunding £700,000 in overages charged to its customers. The Money Shop agreed to the refunds which it says were a result of a…
UK suppliers are scrapping energy assistance programmes
After over a decade of ensuring that pensioners do not have to fear the cold, UK fuel suppliers are quietly cutting the aid programmes that keep seniors warm during the winters. For those that rely on…
Pub tenants could request parallel free-of-tie rent assessment
Pub tenants who are getting squeezed by high rental prices will have the option to get a fair rent review, according to government officials. This review, known as a parallel free-of-tie rent assessment allows for a…
How much are average rents in England?
With salaries largely frozen for much of the population, living costs continue to rise. It can seem that workers have less money each month for housing and energy costs. Yet a recent survey shows that…
Did Wonga send collection notices from fake law firms?
Payday lender Wonga is facing perhaps its toughest test yet as it fights to retain the right to sell high-cost payday loans. Amid allegations that the firm sent collection notices from law firms that did…
ASA scolds Sunny payday loans for concealing 1971% APR
The Advertising Standards Authority (ASA) took action against the payday lender Sunny, also known as Think Finance. At issue are a couple of advertisements where the payday lender failed to clearly state the cost of…
FCA enforcing tougher UK payday loan rules
Payday loan regulations just got a little tighter. The Financial Conduct Authority (FCA) has found itself trying to reign in predatory practices of certain payday lenders that have been exploiting some of the most vulnerable…
BOE pressured to raise interest rates to cool housing prices across the UK
British housing prices rose nearly 12% over the past year, with average prices in London up a shocking 25.8% over the same time period. Amid speculation of a growing housing bubble, the Bank of England…