What is an “unaffordable” doorstep loan?

The regulator says that a loan is unaffordable if you couldn’t make the repayments without borrowing again. This could be borrowing from the same lender, from someone else, getting deeper into your overdraft or by not paying priority bills such as a utility bill. So even if you always paid your Provident loan on time, […]

Is Morses Club paying compensation?

Morses Club Loans paid out around £25million in compensation in the second half of 2020 compared to £2.5million in the same period last year. Morses Club said the increase in complaints came from claims management firms. Claims firms help people get compensation but also take a cut of the cash themselves if they are successful.15 Mar 2021 Click here to […]