Unarranged overdraft fees can be expensive and harmful – that’s why we’re proposing a radical redesign, says Christopher Woolard, Director of Strategy and Competition at the Financial Conduct Authority.
The Christmas season is known to come with its own special hefty price tag, so how do we cope with the cost of Christmas? *Warning – not a lot of Christmas cheer can be found here*.
Our research has found that millions of people relied on credit to pay for Christmas this year. And sadly many people are concerned their budgets will be squeezed even tighter next year. Are you one of them?
In this guest post, Consumer Affairs Minister Jo Swinson explains how the government is working to clean up the payday loans industry and asks – what other alternatives are there to payday lenders?
The latest Which? Quarterly Consumer Report reveals a mismatch between perception and reality as confidence is on the rise, yet 1.5 million more families are feeling financially squeezed…
Two cheers for the Office of Fair Trading (OFT) today as it confirms that it has referred the payday loan sector to the Competition Commission. Better late than never.
When you’re young it’s easy to assume that, eventually, you’ll get a job and earn good money. But new research has found that instead, high debt and reliance on parents is becoming the new ‘normal’.
Would you turn to grandma or granddad in a cash crisis? You might not be alone – a report from Investec Wealth and Investment reveals one in six grandparents are lending an average £2,496 to their squeezed grandkids.
It won’t surprise you to hear there’s a divide in economic prosperity between different regions of the UK. But what might surprise you is the scale of the disparity.
Payday lenders often come under fire for their money lending practices, so we decided to ask people about their experiences with payday loans. Have you ever taken a payday loan and lived to regret it?
Half of people who pay fees for debt management plans don’t know they can set up these plans for free. Worse still, research has found that plans set up by fee-charging companies are more likely to fail than free ones.
The idea of there being a North-South divide in Britain isn’t new, but what the divide is, how it’s affecting people, and reasons for it are changing. Do you think the North-South divide is as wide as it used to be?
You might have tuned into ‘Debt on the Doorstep’ on BBC Panorama last night. One provider was shown selling high-interest loans to a woman with schizophrenia. Isn’t it time for better regulation of loan companies?
‘Let us be frank about it: most of our people have never had it so good.’ So said Prime Minister Harold Macmillan back in 1957, the year Which? was founded. But does it still hold true today?