Jim Cook

Jim Cook

Jim cook has been in the financial sector for over 10 years. Specialising in the payday loan sector.

As much as we Brits may hate to admit it, the US can often provide us with a glimpse of things to come whether it be fashion, movies, music or even economic trends. Some economists even say that the United States' economic influence reaches so far that on October 29, 1929 (aka Black Tuesday) when the stock market prices dropped drastically and suddenly, it may have triggered what we know today as the Great Depression. Nowadays with the global recession on the tip of everybody's tongue, we thought that we'd point out some scary similarities between the Great Depression and what is now commonly referred to as the Great Recession. Between irresponsible lending by bankers, the US stock market crash, and a population that was scared to consume sufficiently to keep the economy afloat, what was thought to be just a recession became the Great Depression. Are we also headed down the path to another Great Depression?

The following report is a quick overview into the recent case study done on the rise of payday lenders across the UK by the union Unite. We have summarized the golden nuggets to save you some time and keep you informed. If you would like to read the full report please feel free to download it using the link in the top right of this summary.

They start of by stating that Unite is the biggest union in the UK and gives us some insight and general facts that caused alarm for them to take the stand that changing the regulations of payday loan industry was needed;

The following report is a quick overview into the recent report on making consumer markets fairer - regarding payday loans. The research was conducted for BIS by Ipsos MORI Social Research Institute and we have summarized the golden nuggets to save you some time and keep you informed. If you would like to download and read the full report please feel free to download it using the link in the top right of this summary.

The following report is a quick overview into the payday loan industry as done by the CFRC. This 46 page report is a lengthy and in-depth look at the payday loan industry as done by the CFRC. PaydayLoan.co.uk will make a quick summary of the chapters for you to peruse. We have summarized the golden nuggets to save you some time and keep you informed. If you would like to read the full report please feel free to download it using the link in the top right of this summary.

The following report is a quick summary of the BCCA Consumer Code of Practice. We have summarized the golden nuggets to save you some time and keep you informed. If you would like to read the full report please feel free to download it using the link in the top right of this summary. (Recommended if you have credit issues)

How is it that your friends always appear to have money left over at the end of the month when their next salary cheque arrives, while you have nothing left the moment you bank yours? It may be all down to their budgeting and planning of their income and expenditure so that they know how they are going to spend their money before it arrives. Do you?

Before you consider taking what looks like the easy way to solve your cash flow problems and organize a payday loan, have you looked at analyzing your own money to see where it goes? The answers may help you avoid a payday loan altogether now or in a few months time. Here are some of the benefits of looking at how you manage your money;

Our aim, on this Money Tips page, is to help you find ways to increase your income and reduce your expenditure so that you are able to rely less on payday loans or find ways to search for smaller loans as soon as an emergency strikes when you don’t have sufficient funds to deal with the crisis.

PaydayLoan.co.uk has been involved with payday loans longer than most companies in the UK, so we are certainly not strangers at seeing people with short-term financial problems and in need of a few great tips for money management.

When you’re in need of money in a hurry, which is why you have probably turned to a payday loan, have you considered all of the other options that may be open to you? These alternatives may provide you with some (almost) instant cash, instead of turning to a lender, who will charge you interest on your loan?

There is no particular order to selecting these possibilities, because your circumstances may vary considerably to that of another individual. The facility for you to get money from elsewhere, from the list below, will be whichever works best for you.

There are many aspects of the 1st April, 2014, (effective 1st July, 2014) updated legislation, that are designed to help the consumer, but some ‘help’ has resulted in other potential problems.

The overall intention is to help you – the consumer – understand more about your obligations to clear your debt and to stop you falling into continuous problems with that one loan.

Before you complete your application for a payday loan, have you checked to see if you are entitled to any government benefits, grants or handouts from any organisations or charities that can increase your income and reduce your need for a payday loan?

Employed and self-employed individuals are entitled to a range of government benefits and sometimes people are not aware of what exists. You may be surprised at how much money you can earn and still be entitled to some government benefits and if they save you the expense of taking out a payday loan, you will be completing the benefit application that you are entitled to.

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