News & Local Interests
Staying apprised of all of the happenings in the United Kingdom takes work, but we want to help. This portion of our site includes news and local interest stories concerning paycheck advances and related topics. In this way, you can stay abreast of any portending or new changes to payday loan regulations in the U.K. that might affect your paycheck advance transaction. Our goal is to provide succinct, value-added summaries of the most relevant events in the United Kingdom’s financial and small-loan markets, as they directly affect our visitors. We do not aspire to be the foremost authoritative source on U.K. financial news by any means; however, we would like the honour of being one of the few sites that presents stories so concise that you can read them in the time it takes you to brush your teeth. Any developments that transpire in the U.K. that concern payday loans, you can rest assured that you will find quality information about them here.
Will Tories New Environmental Plan Save Consumers Money?
In an effort to give taxpayers a break while also reducing the country’s carbon footprint, the Tories recently announced a plan to give every household 6,500 pounds’ worth of energy-saving improvements funded by the industry. The multi-billion pound plan is designed with the hope of “decarbonizing” the economy.
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Taxpayer-Funded Insurance for UK Banks
With consumer confidence in the banking industry waning, the Treasury is expected to underwrite the bad loans of UK lenders with taxpayer money. Under the new plan, banks would pay a fee to have part of their bad loans underwritten by taxpayers. The purpose of the new strategy is to bail out struggling banks while also restoring borrowers’ trust in UK financial institutions.
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Is a Paycheck Advance Cheaper than Overdraft Fees?
Bouncing a check is a costly mistake. Usually, you will face overdraft fees from your bank as well as bounced-check fees from retailers. Rather than take the chance of overdrawing your account, you can save money by padding your account with a paycheck advance.
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What is a Doorstep Loan?
Doorstep loans work much like any other type of paycheck advance. But, unlike traditional loans, you never have to leave your home to receive the funds. If you initiate the payday loan process via telephone or online, you can arrange to have a local representative deliver the loan right to your doorstep.
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Bank of England Rate Cuts
The United Kingdom’s economy is floundering, and the Bank of England is frantically trying to adjust interest rates to get the economy back on track. The Bank of England already shocked markets by setting rates at the lowest they’ve been since 1955, and now there are rumors that even more rate cuts are in store.
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