What are the top debt and money stories so far this month? We bring you the news that we think matters to you and your wallet!
Tag Archives: payday loans
This month saw the introduction of a new plastic £5 note, changes to TV licensing laws and a payday lender ordered to refund £34m back to thousands of its customers.
Grab yourself a brew, sit back and find out the latest news from the world of debt! Continue reading »
This week the Financial Conduct Authority (FCA) announced that the payday lender CFO Lending has been ordered to pay a £34m ‘redress’ package to 97,000 of its customers.
The announcement came after the FCA found a number of poor practices at the firm, dating back to 2009, that had caused detriment for many of their customers.
CFO Lending were also known as as Flexible First, Payday First, Money Resolve, Paycfo, Payday Advance and Payday Credit. Continue reading »
Unexpected bills, payday loan complaints and debates over credit card limit increases were all hot topics in money and debt related news this month.
In brighter news, for those hoping to get on the property ladder, chartered surveyors predict that house prices may fall over the next three months – the first fall in six years. And the final design for the new £5 note has also been revealed, and tests show that these new notes can withstand the washing machine much better than their predecessors!
This month we’ve been keeping an eye out on the latest scams, with reports of people getting suspicious-looking emails about Council Tax arrears.
Search giant Google has taken the decision to ban payday loan adverts from its search results, and do you know exactly what’s in your bank account? According to a report, two thirds of us are happy to remain blissfully unaware! It’s all here in May’s debt and money news.