What did the FCA change for the payday loans industry?

A lot has changed about the Payday Loans industry in recent years, despite the bad and unfair press. The reason why so many things have changed and various improvements have been made to the payday loans industry is because of the takeover of the Financial Conduct Authority (FCA). The FCA took over from the FSA in 2014. Before the takeover, the payday loans industry was under a considerable amount of scrutiny from not only the media but also debt charities and the government. It was the case that many borrowers found themselves in spiralling g debt with little way of […]

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How to save money on your pet

Owning and caring for a pet can be a brilliant experience. Pets bring so much to your life; love, loyalty, company and purpose. However, if you already have a pet you are probably all too aware that they can seemingly become a vacuum on your bank account. No one wants to give up their pet or the chance of having a furry friend. Furthermore, everyone wants the best for their pet without having to break the bank or take out a loan. To help you save money and give your pet the best care, here are some ideas. Adopt, don’t […]

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How to Budget Well

Many people are under the impression that budgeting doesn’t not and cannot work well. That is because some people are simply not taking everything into consideration when drawing them up. Yes, you have thought out your monthly expenses as standard, but what about things like your daily coffee or a weekend away? A budget should be very unique to you and your incomings and out-goings. In this guide, we are going to look at blanket rules about how to best budget your monthly expenses to help you control your cash flow. Why should you budget? Let’s start at the very […]

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Are payday loans safe?

Payday loans can help people in a number of different circumstances, particularly if you are experiencing unexpected expenses as a result of an emergency, meaning you need to find cash quickly to help cover costs. However, there are unfortunately certain myths that surround payday loans which can end up putting people off getting one, even when it may help them in their situation. One of these myths that surrounds payday loans regards how safe they are. However, it is completely false that they are not safe. In this article, we will explain how. Payday loans are regulated by the FCA […]

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The payday loans industry is worth £228 million in the UK

The payday loans industry is worth an estimated £220 million in the UK, down from around £2 billion quoted in 2013. The industry valuation is based on 760,000 loans funded in 2017 according to the BBC and an average loan value of £300, equalling to £228 million. This same calculation of valuing an industry based on the money lent out is used for other industries including guarantor loans (£400 million), equity release (£3 billion), peer to peer loans (£4 billion), bridging loans (£7 billion) and lending to family and friends (£21 billion) per year. The industry has downsized significantly over the […]

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How does a student loan work?

As we all know, going to university can offer a fantastic opportunity for our futures and for growth as a person. However, such an opportunity does not come without a cost in the UK, unless you are Scottish and attending a Scottish university. So how do you fund such an expensive experience? If you are starting your undergraduate degree in September or October 2018, the fees you will be paying will be up to £9,250 per year (27,750 in total for the three years). This price is just for the fees and you also need to take into account living […]

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How to prepare for retirement

It may be years off or it may be approaching soon for you, either way it is better to be prepared for retirement when it comes to it. Being prepared for retirement means that you will be able to live out your retirement without worry and to its full potential. But how do you prepare for retirement? Around two years before you are planning on retiring, it is a good idea to start thinking about what your options are for retirement and all than choices you will need to make. You can choose when you want to start taking your […]

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Ways to boost your income online

The internet is a wonderful place which connects people all across the world and provides opportunities to people that they would have otherwise never had. The internet can also become a global marketplace right at your fingertips, in which you can make money. This could be through selling your own items, promoting other people’s products or even completing online surveys. In this guide, we are going to be discussing the things, little or large, that you can do in order to boost your income. These are things you can just do in your spare time, so not a lot of […]

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New ways to make money from your home

New ways to make money from your home

In recent years, it has become increasingly common for homes to be viewed not just as an appreciating asset, but also a way to make money whilst still remaining in the property. Whilst sometimes all you need is the property to look stunning, or simply being in the right location, in other cases you may need additional guest rooms or outhouses in order to maximise income potential. Nevertheless, there are a number of new innovative ways that you can make money from your home, Payday Bad Credit takes a look at some of the most popular ways to make cash. […]

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How smart technology can help you save money on care homes

How smart technology can help you save money on care homes

We are all living longer than ever before, (reflected in the rise of the age one receives a state pension in the UK, for example) as a result of a number of factors, including medical advances and overall lifestyle changes, such as better diets and more physical exercise. With people living longer, this means that there is much greater attention on life into the retirement years, and especially when it comes to living independently in our homes into our later years. Many of us would prefer to continue living at home rather than go into a care home or at least […]

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