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Barnardo’s slams ‘morally bankrupt’ lending industry
15 January 2013 A fifth of poor households who borrow money end up spending 30 per cent of their weekly income on repaying debt, according to a report by Barnardo’s.…
Spotlight On: Barclaycard’s 2-year 0% deal
15 January 2013 The deal On Monday Barclaycard relaunched its 24-month 0 per cent balance transfer offer. The good points As well as no interest on balance transfers for two…
Credit unions to come in from the cold
15 January 2013 There is probably one within walking distance of your home. Your friends and relatives could have money deposited with one. But it’s one of the financial services…
Younger people most likely to seek debt help
15 January 2013 The extent of the financial difficulties facing young people have been revealed, as government figures showed that more than a quarter of people turning to a new…
A million using payday loans to keep homes
15 January 2013 Around seven million people are turning to credit to try to keep a roof over their heads, research by housing charity Shelter reveals. Almost one in seven…
Online payday loan firms may be guilty of mis-selling, says lawyer
15 January 2013 Online payday loans could end up being the next mis-selling scandal, a former lawyer at the Financial Ombudsman Service has warned. James Ward, associate at Thomson Snell…
Simon Read: Rogue payday lenders must be closed down to protect the hard-up
15 January 2013 Hardships are continuing for families this year. Housing charity Shelter reckons some seven million vulnerable folk have turned to expensive credit just to pay their rent or…
Halifax increases standard variable rate to 3.99 per cent
15 January 2013 Halifax, Britain’s biggest mortgage lender, is to dramtically increase the cost of its standard variable rate (SVR) mortgages from 1 May. From this date, the rate will…
Simon Read: Pets and sweethearts are this week’s payday loan targets
15 January 2013 Payday lenders are all set to become more mainstream, if you believe the accountancy firm PricewaterhouseCoopers. The bean counters said in a report published this week that…
You’re not alone: How to ease the pain of debt problems
15 January 2013 Just as the darkest hour is said to come before the dawn, this weekend is going to be a tough one for many people struggling with debt.…
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