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Users of the salary advance service marketed by their employers say it was all too easy to slip into debt‘Financial wellbeing’ app targets low-wage workers with high-interest loansWhen Andy, a server in Pizza Express, found himself in financial hot wat…
Critics concerned as Wagestream offers loans of up to £25,000 to workers at Pizza Express, Asda and others‘The app’s like candy’: Wagestream borrowers’ concernsLow-wage workers are being offered a controversial new type of high-interest loan of up to £…
Data shows increase from 3.3% to 6.6% since December 2021, which was before interest rate risesPersonal loan rates have doubled in little more than 18 months, spelling “far higher” costs for financially squeezed households hoping to borrow money, new d…
Bank of England survey shows lenders expect steep rise in borrowers failing to make monthly repaymentsBritain’s mortgage lenders fear a rise in the number of homeowners handing back their keys as the cost of living crisis forces more people to default …