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    Really Interesting Finance News

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    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.

    Friday, 25 January 2019 15:51

    Response to the "Jail for Debtors" Article

    My name is Graeme Wingate, and I'm the boss here at QuickLoans.co.uk. I'm going to write this to clear up some bits about the article. Nowhere in here will you find an apology. If that is what you have come for, you can take your "foster offence" and leave. I've been in this business for…
    Monday, 21 January 2019 16:50

    How did Apple get away with it for so long?

    Do you own an Apple item - maybe an iPhone, a Mac computer or an iPad? If you don't, you're in the minority, and chances are if you don't you will know someone who does. Last year Apple market share was just short of 25 per cent of the market - up from the six…
    Thursday, 17 January 2019 17:24

    Why Debtors Prisons Are The Answer

    As most of you will know, debt and bankruptcy are getting out of hand. The more help there is out there, the more debt problems arise. This is why we think debt prisons are again the answer. Now before most of you hit the roof and start phoning your local MP, please give us a…
    I was somewhat surprised over the weekend to hear reports that the FCA Chief has now started to make the same arguments on the issue of Mortgage Prisoners that we did back in 2016. I also want to breakdown just how much the FCA have cost UK borrowers and explain why it is time for…
    Friday, 11 January 2019 07:38

    Beware of Energy Auto-Switching Sites

    Auto-switching sites have jumped in popularity recently as people attempt to find the cheapest energy deals. We will show you why you should be careful as they can be more expensive. The purpose of an auto-switching service is to automatically switch you onto the best energy deal when your current one expires. Around 82% of…
    Last week we documented how banks are using and tracking people’s social media presence and profile to help them make a decision when a customer submits a loan application. We highlighted the kind of things that they were looking for, such as whether it appears that a person is always out socialising (i.e. spending money)…
    Tuesday, 18 December 2018 06:01

    Martin Lewis Claims 100,000 Attempted Suicide

    Martin Lewis is back with more outlandish claims. This time he claims 100,000 attempt suicide each year while in debt. We question his statement and his tone and find his claims don't add up. First of all, Martin is a tricky character. He is hard to argue against because he often says things to virtue…
    Friday, 23 November 2018 05:56

    Rent to Own Price Caps are the FCA's Vietnam

    If ever there was an indication of mission creep, then it is the futile attempt of regulators to cap the cost of credit. Just as mission creep brought down the mighty US in Vietnam, so will Price Caps in "Rent to Own" for the FCA. In 2014 the FCA brought in caps for the High-Cost…
    Wednesday, 04 September 2019 17:07

    FOBTs and Virtue Signalling

    Ministers resigning, virtue signallers kicking off and nobody interested in the evidence, this is the UK 2018. If politicians were bothered, then there are solutions in front of them. As an industry, the lending market had to change dramatically in 2014-15. We did, and not for the best. The politicians who were virtue signalling for…
    Tuesday, 02 October 2018 22:52

    Social Media To Decide On Your Application

    Our readers tend to know the basics of applying to a bank or building society for a loan. Most people are aware that these organisations have to run credit checks to determine if there have ever been any missed payments and establish if there are any potential problems in lending money to particular persons. It’s…
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