Ombudsman will look at payday loans over 6 years old

Ombudsman will look at payday loans over 6 years old

Many people are making affordability complaints about payday loans , asking the lender to refund interest. Most lenders are refusing to look at any refunds for payday loans that were taken out more than six years ago, saying the Financial Ombudsman Service (FOS) will not consider these cases. But […] Click here to view original Read more about Ombudsman will look at payday loans over 6 years old[…]

Countdown to Christmas starts now. Are you ready?

Countdown to Christmas starts now. Are you ready?

Christmas? Already? Yup. You might want to enjoy what’s left of the summer, but with just over 100 days until Christmas Day it’s actually the perfect opportunity to make sure you’ll come out of the celebrations without a financial hangover. Research for the Money Advice Service showed more than […] Click here to view original Read more about Countdown to Christmas starts now. Are you ready?[…]

Are you one of the 8.3 million adults with problem debt?

Are you one of the 8.3 million adults with problem debt?

One in six people struggle to cope with the money they owe, meaning they have what’s called problem debt, according to new Money Advice Service research. Over-indebted individuals are defined as people that say they find keeping up with their bills and credit commitments a ‘heavy burden’, or that […] Click here to view original Read more about Are you one of the 8.3 million adults with problem debt?[…]

Could the Debt Crisis be leading us to a new financial crisis?

Could the Debt Crisis be leading us to a new financial crisis?

Recently, the new Head of the Business Select Committee, Rachel Reeves MP, an economist who worked at HBOS during the 2008 financial crisis, said debt problems similar to those in the run up to the financial crisis are ‘rearing their heads’. This follows a number of warnings on […] Click here to view original web Read more about Could the Debt Crisis be leading us to a new financial crisis?[…]