Payday lender QuickQuid is the latest loan shark to shut down after a wave of compensation claims from victims of predatory practices. US-based Enova, which owns QuickQuid, announced on…Read more…
Wonga collapses
Payday lender Wonga — which gained notoriety over the last decade for its aggressive debt collection practices, eye-watering interest rates and dogged tax avoidance — collapsed into administration…Read more…
Borrowing to eat
Nearly half of all young people have to borrow money to make it to the end of the month, illuminating the plight of millennials struggling with shrinking wages, rising living costs and insecure work….Read more…
Food on credit
As UNITElive reported last week, unsecured debt – such as credit cards and payday loans – has grown exponentially in austerity Britain. A new survey released this week (October 22) has shown just…Read more…
Spiralling debt
As society benefits from continual progress in science and technology and other advances, the idea that you would be materially better off than your parents – and that your children would be better…Read more…
Payday lenders circle afresh
As household debt is set to hit record levels, Wonga targets the market by slashing interest rates to 1,500 per cent a year and lend to those who can re-pay loans. Loans are big business, with…Read more…