When was the last time that you saw someone take out a payday loan on a television programme? When did you last see a show in which someone in full time work was struggling to pay the bills? I feel there is a discrepancy between the portrayal of poverty on our televisions and that which […]
Posts Tagged ‘payday loans’
Against legal loan sharking
Apr 22nd, 2013 by Phil Burton-Cartledge.Payday loans have become something of a sexy political topic. Stella Creasy has done a great deal of work to get it in the spotlight and Ed Miliband kicked off Labour’s local election campaign with a pledge to give councils the power to push payday lenders (and bookies) off the high street. Like the SWP, I’m […]
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Payday loans: not a black and white issue (in reply to Chris Dillow)
Nov 29th, 2012 by Carl Packman.Nothing excites me more than a myth busting exercise on payday lending – it certainly beats what we read in the papers about it – and this is exactly what Chris Dillow has done today. However I have one or two comments I would like to make about it. Chris sets up three issues on […]
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Consumer credit market winners: payday lenders
Mar 1st, 2012 by Carl Packman.The Bank of England recently published the trends for lending for January 2012. They show that: The major UK lenders are Banco Santander, Barclays, HSBC, Lloyds Banking Group, Nationwide and Royal Bank of Scotland and together they accounted for around … 45% of the stock of consumer credit.
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Asking the right questions about the payday lending industry
Feb 29th, 2012 by Carl Packman.It’s amazing what you can find on the internet sometimes. Just looking around I found an American-based website offering people toolkits on how to create their own payday lending business. In big, bold capitals one of the headers reads: “You can make a tremendous amount of money in the payday loan business and help people […]
