Category Archives: Loans

The Credit Score of Fate

By Helen Lawless The concept of a credit rating, some arbitrary number decided by some strange algorithm, having sway over your financial fate – it’s rather alarming, isn’t it? Well, I’ve got news for you – young people need to … Continue reading

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Filed under Consumer Affairs, Credit, Debt, Loans, Personal Finance

Help is at hand for students who are fudgeting their budgeting…

You may have seen my recent feature on FOMO-affected students who are overspending to keep up with the Joneses (or should that be  the Kardashians?!)…You may be a student who is struggling to keep that urge to splurge under the … Continue reading

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Filed under Debt, Leisure, Loans, Payday loans, Personal Finance, Student Finance

How young people can avoid a toxic debt trap

In association with Wilson Field By Iona Bain We may be finally pulling out of a painful recession, but are we turbocharging the recovery with worrying levels of debt? Forecasts from the Office for Budget Responsibility seem to suggest so, … Continue reading

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Filed under Consumer Affairs, Loans, Payday loans

Are you worrying about a New Year debt hangover? If so, read on…

IONA BAIN FOR THE HERALD A worrying new survey has found the majority of Scots, 55%, are getting used to living beyond their means, typically spending £119 that they do not have each month. Over a third now view their … Continue reading

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Filed under Consumer Affairs, Loans, Payday loans, Personal Finance, Shopping

Has the short-term credit market reached a new low with ‘Loans for Poor People’?

Online loan companies and brokers are using tawdry tactics to try and attract vulnerable customers – what can we do to make sure this doesn’t have terrible consequences? by iona bain New rules were ushered in this year to ensure … Continue reading

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Filed under Loans, Payday loans, Personal Finance, Technology

Twenty Somethings & Their Money

This infographic reveals the results of research into how Britons in their 20s view the financial opportunities and threats they face. It’s based on research I contributed to last year and covers what young people think about pensions, how they … Continue reading

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Filed under Banking, First-time buyers, Insurance, Investments, Loans, Payday loans, Pensions & Retirement, Personal Finance, Savings Accounts

HERALD INVESTIGATION: moneysaving sites slammed for endorsing payday loans as debt crisis spreads to young and middle class

IONA BAIN Websites offering discounts and cashback on a range of purchases from clothes to washing machines have been a lifeline to Scots in the recession. But The Herald has discovered several companies in the money-saving sector endorse payday loans, … Continue reading

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Filed under Consumer Affairs, Loans, Payday loans, Technology

The (Ir)responsible Practices of Payday Loan Companies

It’s the controversy that won’t go away – are payday lenders overstepping the mark to gain more business? And are young people becoming the most notable victims of their practices? Today, two worrying stories have emerged about these firms – … Continue reading

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Filed under Loans, Personal Finance

How using your mobile to call up extra cash can seriously damage your wonga

WHEN LOAN SHARKS GET CHIC, IT’S TIME TO STAY AWAY FROM THE WATER, SO TRY SAFER WAYS OF STRETCHING YOUR £ TILL PAYDAY By IONA BAIN Like Aloe Blacc, do you need a dollar? Don’t turn to your good old … Continue reading

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Filed under Loans, Money Advice, Personal Finance