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    Really Interesting Finance News
    Really Interesting Finance News

    Quick News

    Our News service is sometimes tongue in cheek but the messages and accuracy are top level. We report on things long before main stream media.

    This one is a long standing joke for us, it goes back to when Martin replied to us when we pulled out of the short term lending market last year and laid some blame to him and people like him. Again we ask - will Martin now lend to subprime customers at the rates he…
    Just as we and other lenders have always predicted, the current cap on High Cost Short Term Credit is to be relaxed. It won't be abolished but will be gradually made less effective until it is eventually meaningless. It has always been rumoured that the FCA have never really favoured an industry price cap. Documents…
    Cut the bank levy and lose Wheatley - those were the two conditions given to the Treasury by HSBC in return for staying in the UK. This week saw the Treasury finally cut Wheatley adrift and admit defeat. It's been no secret that the big financial organisations in the city of London have been at…
    Thursday, 25 June 2015 14:50

    Are Guarantor Loans Legal?

    Since the effective end of Payday loans being available to subprime borrowers, Guarantor loans have shot up in popularity. In this article we question whether they are actually legal – or at least have some questionable legal grey areas. Now we are not saying they are illegal or outside the FCA’s rules – but we…
    Tuesday, 31 March 2015 13:24

    We are not "Quick Loans Finance"

    We have recently received a lot of calls asking for refunds from people thinking that we were part of a group called "Quick Loans Finance". We have no connection to this company or organisation in any way shape or form.  Unfortunately we have no knowledge of which website or what phone number they currently use.…
    Wednesday, 26 August 2015 08:49

    Price Cap - Why No Judicial Review?

    For over a year now this website has consistently questioned price caps on payday loans as a bad thing for consumers and a good thing for lenders. We want to break things down and ask just why if lenders have lost hundreds of millions – where is the legal challenge? We find it absolutely astonishing…
    Sunday, 28 December 2014 12:30

    Domain Name Loans

    We are a big investors in financing domain names. This includes those wanting to purchase them and those who already own them but want to raise finance on them - similar to pawning them. We only deal in domain names that end in .uk or .co.uk. Unfortunately we don't have the experience or knowledge to…
    From the 2nd of January 2015 we have decided to show customers what they could have borrowed had the FCA not got involved with price caps. We feel it is important to educate our applicants about the regulatory changes which are affecting them. We are declining so many customers who now think they have problems…
    Sunday, 07 December 2014 15:03

    Man in Gold Hat Urges Help For The hungry

    This isn’t a wind up, it is the latest from the UK’s comedy “do as I say - not as I do brigade”. You simply couldn’t make it up. This time it’s the Arch Bishop of Canterbury Justin Welby’s turn to be Chief Hypocrite. Writing in today’s Mail on Sunday he has called on the…
    Tuesday, 11 November 2014 10:17

    Payday loan price cap and why it will backfire

    FCA has confirmed that the Price Cap for Payday Loans is to be capped at the rate described in the original consultation. The FCA’s claim that it will save customers £150 a year is laughable in the extreme. It won't save people anything as they simply won't get access to them now. The FCA haven't…
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