Monthly Archives: September 2014
Wonga’s profits wonky after fake collection agency letters
High flying payday lender Wonga released its annual profit figures today. A 53% drop in profits shows just how damaging a scandal was to the bottom line. Profits were £84.5 million in 2012. Analysts expected profits…
Millions of children are living in fuel poverty
Various statistics both from the government as well as not-for profits such as The Children’s Society show that of the millions of people living in fuel poverty, many of them have children. Their families are…
Tenancy agreements harder to enter into due to Universal Credit
An increasing number of private landlords across the UK are making it for difficult for tenants to rent a new home or flat. Councils from Liverpool to Dover and Manchester as well as many other districts…
Ms Lane takes second ride down Fraud Lane
When the former Seaham resident sold her car, she failed to notify the buyer that she had first obtained a logbook loan. That action costed John Ronald ownership of the car plus the £1,300 that he…
Several fixed-rate energy tariffs ending in September
Consumers need to be aware that eight fuel suppliers have their fixed rate deals ending in September, so they need to take some type of action or see a big increase in their monthly utility…
South Wales could lose jobs and income from Universal Credit
Studies show that southern Wales will be hit hard by the roll out of the Universal Credit and other changes to government benefits. Thousands of jobs could be lost, and the area may lose as…
CMF reports families with school-aged children twice as likely to use payday loans
An extensive report by the Centre for the Modern Family (CMF) revealed that the current generation is more accepting of predatory loan products than other generations. The figures point to a troubling trend amongst families…
26 per cent of Southampton families slammed by problem debt
Southampton households have one of the highest rates of payday loan usage in the country. It is no coincidence that the rate of financial failure has gone up as a consequence. The status of payday…
Citizen’s Advice Bureau impostors scamming Glasgow families
What appears to be a coordinated came is taking place in Glasgow and has been occurring for several weeks. There are a number of reports of callers impersonating staff from their local Citizen’s Advice Bureau…
Payday loans issued exceeds borrowers income in Northern Ireland
Data provided by StepChange shows that not only are households in Northern Ireland struggling more than other families in the UK, but they have higher overall debt levels and are borrowing more from high priced…