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Yes it’s another big shock I know but several payday loans companies have been caught out by Which? the investigative and comparison company that have been helping consumers in the UK for many many years. Effectively 2 major payday loans companies have been found selling data to 3rd parties (common practice of course) and trading with or breaching their Consumer Credit Licence. I also liked how there was no mention…

I’ve been writing about the euro before but I think now enough is enough. All the data shows the euro is dead. Centrally administered fiscal medicine will be received like the nazis in Poland in 1940, and this is just one of the many reasons why the Germans can not, will not, and do not desire to implement it. It sounds great in principle but how can you convince a…

Perhaps you haven’t noticed it but the idea that credit works indefinitely appears to be nothing more than an illusion. However, people still need credit aids from time to time like payday loans. What is quite strange is the political will to get involved. While the world crumbles due to the excess of the last 10 plus years a certain Scottish independent MP wishes to create a new fair access to credit…

In 2011 payday lenders in the UK are just about keeping a segment of the population afloat. People are living without savings and so any form of emergency is a massive issue for them. Payday loans are great for those times when you need the extra cash and you need it quickly for a temporary financial problem. There are different types of payday loans available and it’s wise to explore…

Western currencies, the mainstay of the global economy, are failing and none is failing harder than the Euro. Indeed, the eurozone members themselves continue the inexplicable description of the Euro as an “experiment”. Thus far their “experiment” is a failure. Greece is being kept alive on life support while it’s heart is telling the rest of the world to switch off the machine. Portugal refuses to adhere to any form…

While it is not uncommon to use the words French and Retreat in the same sentence it is becoming clear that they have realised just how bad things are for the so called PIGS. Recent figures from the BIS (Bank of International Settlements) clearly show that they believe Greece, Ireland, Greece and Spain are about ready for the fork. The banks are refusing deals in the PIGS, those economies in…

Indian imports of Steel appear to be in a massive decline. Aided by the falling value of the Indian Rupee against the dollar and the high price of steel as China buys up the worlds commodities data collected at several Indian ports suggests imports have fallen by over 65% over the last year. Imports of sheets, plates and hot rolled coils have plummeted from 509,000 tonnes in April 2010 to…

Saturday 4th of June 2011 was a big day for the IMF and it’s newly acquired debt slaves. In Ireland the government announced a haircut for the junior bondholders it roped in to share an interest in the fundraising efforts to keep the celtic pussycat above water. The bank of Ireland said that they will undertake a rights issue at a price of 10c meaning a tenth of the initial…

Yes hang onto your hats the Office of Fair Trading is considering doing something about UK loanfinder companies who charge upfront fees but refuse to pay them back if the applicant does not get a loan. Although it was not pioneered by him James Benamor of FLM Loans and Loanfinder began his loan selling career by going door to door offering to find loans for people in exchange for a…