Month: September 2018

An Alternative To Payday Loans, But It’s Still A High Cost

The reaction to the new loans has been mixed. Nick Bourke, director of consumer credit at Pew Charitable Trusts, which supports making affordable small loans available to consumers with appropriate collateral, said the new loan looked promising. When the loan program was announced, he tweeted that it was a ‘game changer’. Pew opposes payday loans, […]

Payday Loans Part of Deeper Problem Investors Must Help Solve

The collapse of payday loan company Wonga prompted many calls for more responsible lending, including by MP Stella Creasy and the StepChange charity. They emphasize the need for responsible lenders who ensure that potential borrowers are able to repay their loans before entering into a contract. New responsible lending regulations had a positive effect on […]

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