On 1 April 2014 the Financial Conduct Agency (FCA) officially takes over from the Financial Standards Agency (FSA) as the regulator of the financial services industry in the UK (no April’s Fools, honest). The FCA has published its ‘Risk Outlook’ … Continue reading
Category Archives: Credit cards
Quarter of SMEs use personal credit to survive
Research published by Experian has revealed that 25% of owners of small and medium sized business have used their personal finances to support their business. Of those, nearly one third have used mortgages to inject cash into their business, thereby … Continue reading
Fresh concern over payday loans
Two new studies into the use of payday loans have highlighted concerns over the use of the short-term credit facilities. Research has shown that over one quarter of young adults will apply for a payday loan in the next six … Continue reading
What a (debt) hangover
New Year brings debt misery for millions Six million people fear that they will not have enough money to pay their Festive bills by the end of January according to statistics published by R3, the leading insolvency trade body. This … Continue reading