Wonga weighs up a name change as it slumps into the red

Series of scandals and tougher lending rules prompts £37m loss and talk of brand overhaul at UK’s largest payday lender.

Wonga , Britain’s biggest payday lender, has slumped into the red by £37m and said it …
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Wonga optimistic despite £37m loss

Wonga has insisted it can survive a clampdown on payday lenders despite slumping into the red following a £100 million slide in revenues.

The controversial business posted a loss of £37.3 million due to a …
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Businessman Michael Howlett jailed for £25,000 benefits fraud – fell into debt after marriage collapse

A SELF-EMPLOYED Hull businessman who fraudulently claimed almost £25,000 in benefits has been jailed for three months.

Michael Howlett, 48, claimed £24,366.31 in income support, council tax benefit, carers’ allowance and legal …
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Hull couple lied for 8 years to claim £40,000 of benefits

A COUPLE of benefit cheats were spared jail after stealing £40,000 of tax payer’s money.

David Barwick, 34, and Chantelle Duffield, 27, lied to Hull City Council and the Department of Work and Pensions for …
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Couple forced to live in Ford Focus as payday loan debt spirals out of control

Philip and Victoria Sherlock live in car on industrial estate near Wrexham after being evicted from home when high interest rates see their debts spiral out of control.

A couple claim they …
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UK Personal Debt Statistics March 2015

UK Personal Debt

People in the UK owed £1.469 trillion at the end of January 2015. This is up from £1.440 trillion at the end of January 2014 – an extra …
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Liverpool council computers block payday loan applications online

Payday loans companies, online dating networks and companies that manufacture nuclear weapons are amongst those whose websites are banned from Liverpool council computers.

More than 1,000 domain names are blocked by the system, …
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UK consumers running up highest levels of debt since the credit crunch

Britons are running up debt at the fastest rate in seven years (since credit crunch) after £1.25billion was borrowed on credit cards, loans and overdrafts in November.

The Bank of England figures showed that …
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Payday loan charges cap takes effect

A cap on the cost of payday loans enforced by the City regulator has now come into effect.

Payday loan rates will be capped at 0.8% per day of the amount borrowed, and no-one …
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Hull rent arrears on council houses top £2m or the first time - Hull Debt News

RENT arrears on council houses in Hull topped the £2m mark for the first time last year.

Annual figures show 8,609 households across Hull were in arrears at the end of last September.

They represented just over …
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