Payday Lenders – An Exercise in the Fundamentals of Orthodoxy

PayDay Salvation

By Peter Ould Posted on July 25, 2013 Posted in Banking, Church of England, Payday Lending, UK News 6 Comments Tagged with Ambition, Archbishop Of Canterbury, Church Members, Church of England, Co Operatives, Co Ops, Corporate Interest, Credit Unions, Damelin, Developing World, Economic Environment, Head Honcho, Internet Lenders, Money Problems, Payday Lenders, Payday Loan Company, Profit Basis, Term Lenders, Trade Bodies, Welby

Apparently Justin Welby has had a meeting with Errol Damelin, the head honcho of Wonga the payday loan company. He’s reported to have told him that he isn’t planning to legislate these companies out of business, rather he wants to …

PayDay Salvation Read more »

The Ethics of PayDay Lending

By Peter Ould Posted on March 7, 2013 Posted in Banking, UK News 10 Comments Tagged with Administration Fee, Affordability, Bank Overdraft, Borrowers, Collection Tactics, Customer Complaints, Debt Collection, Ethics, Financial Difficulties, Financial Difficulty, Forbearance, Key Areas, Overdrafts, Payday Lender, Payday Lenders, Payday Loans, Short Term Loans, Solvency, Street Banks, Tiny Window

Yesterday’s OFT report on the performance of “PayDay Loans” companies was, let’s be frank, damning. OFT Paper 1481 gives most of the lenders in this market a tiny window of twelve weeks to demonstrate compliance in five key areas. These …

The Ethics of PayDay Lending Read more »

Tag: Payday Lenders

PayDay Salvation

The Ethics of PayDay Lending