Non-Standard Finance takes advantage of Provident struggles to grow loan book

Unsecured consumer lending group Non-Standard Finance reported loan book growth, impairment levels and risk-adjusted margins ahead of expectations on Wednesday.

In its Wednesday trading update, NSF said its net loan book had grown 20% year-on-year to …
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My credit rating was sullied after fraudster took out a payday loan

My personal details were used to get a loan that was never repaid, and it will take me 45 days for my rating to return to normal

Somebody took out a payday loan in my name …
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Christmas debt: How to break free from the overdraft debt spiral

Christmas debt: How to break free from the overdraft debt spiral

Christmas shopping is going on credit for more people this year according to a charity.

In 2016, 33 per cent having said they were putting …
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Top tips for avoiding getting into debt at Christmas

Christmas is the most wonderful AND expensive time of the year – so how can families avoid spiralling into debt while looking for the perfect present?

The song says Christmas is the ‘most wonderful time of …
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Payday Loan firm used £1.2m pension liberation scheme to pay debts

Three directors of an insolvent payday loan firm which received cash from pension liberation schemes have been disqualified. (SEL), used £1.2 million from private investors via the schemes to meet its existing debts.

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Payday loan firms offering customers up to £1,000 if they convince friends to lend cash with huge interest rates

But consumer watchdogs have blasted companies such as Amigo Loans and BrightHouse for the ‘unethical’ practice.

Lenders are offering customers cash to lure friends and family onto their books.

High-interest firms such as Amigo Loans and …
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Number of Brits Turning to Payday Loans to Cover Rent More Than Doubles

LONDON–(BUSINESS WIRE)–The number of Brits turning to short term loans to cover their rent or mortgage has more than doubled, new figures reveal.

In the past two years the amount of people applying for …
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UK debt ‘will not fall to pre-2008 levels for 50 years’

Resolution Foundation condemns two decades of wage stagnation and says productivity worst since Napoleonic war.

Britain faces the longest fall in living standards since records began – and its public debt will not fall below pre-crisis …
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Nurses struggling to pay bills as more and more take out payday loans

6% of nurses have been forced to take out one of the high interest rate loans.

More than one in 20 nurses have been forced to take out a payday loan to cover their everyday …
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Litigation over unpaid consumer debt tops 2008 levels

Unsecured UK borrowing passes £200bn for first time since financial crisis.

Consumers who refuse to repay their debts are increasingly being taken to court, with litigation at levels last seen in the run-up to the …
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