Car industry meltdown unites U.K. and U.S.
The U.K. and the U.S. have a lot in common: Both places are experiencing a surge in online payday loans, and both places have auto industries on the verge of meltdown. Yep, the global recession is having a lot of similar effects on places [...]
Payday loans grow in popularity amid recession
As the United Kingdom endures a financial crisis much like the one in the United States, more people are taking out quick payday loans. The credit crunch has caused many individuals to be unable to get traditional loans. This has turned payday loans into [...]
Financial crisis goes global
Image by orangetab via Flickr
Payday loans have recently grown in popularity in the United Kingdom, a sign that families are struggling to keep up with their expenses. Between August 2007 and June 2008 the amount of payday loans lent in the U.K. increased 130 percent.
When individuals and families [...]
A leading high street bank has drawn criticism from farming customers this week after it unexpectedly increased overdraft rates for some customers (see below).
Your Cash Advance Loans News Source Quoted With Edits From: Credit crunch hits farmers’ overdraft rates FWI (Farmers Weekly Interactive)
At the same time that the titanic world [...]
Banks largely win the latest round of a High Court battle over the fairness of overdraft charges.
Quoted With Edits From: Early overdraft victory for banks (BBC News)
You bounce, you lose. Take installment loans instead.
As we see in the above BBC article, banks have scored a strategic victory in their war [...]