When 27-year-old Basil Lewis left the picturesque parish of Clarendon, Jamaica, famed for its spa, to start a new life in London in 1954, he…
View More UK’s credit unions face uncertain future amid cost of living crisisTag: Payday loans
‘We had no money’: desperate UK public increasingly turning to pawnbrokers to make ends meet
At about midday, Grace walks into Pickwick Pawnbrokers in Dartford and places a thin 40-carat gold chain on the desk. The 73-year-old needs £40 to…
View More ‘We had no money’: desperate UK public increasingly turning to pawnbrokers to make ends meetMillions of UK families using credit cards and loans to pay basic bills
Millions of families are borrowing to cover basic bills and expenses, according to analysis that warns Britain is entering a dangerous new phase of the…
View More Millions of UK families using credit cards and loans to pay basic billsWhere will struggling households turn to after UK clampdown on payday lenders?
The South African-born entrepreneurs Errol Damelin and Jonty Hurwitz could not have predicted the impact they would have when they set out to disrupt the…
View More Where will struggling households turn to after UK clampdown on payday lenders?Complaints about guarantor loans rise by 3,000% in a year
Complaints to the financial ombudsman about a type of high-cost loan where the debt is backed by a relative or friend have leapt by more…
View More Complaints about guarantor loans rise by 3,000% in a yearCDFI: the community spirit that’s saving borrowers from payday loans
Kathryn Smart was struggling to make ends meet at the start of England’s latest lockdown. The 45-year-old usually earns £1,100 a month working at a…
View More CDFI: the community spirit that’s saving borrowers from payday loans