{"id":3997,"date":"2015-10-24T13:00:12","date_gmt":"2015-10-24T06:00:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/forget-payday-lenders-theres-a-much-better-way-to-borrow\/"},"modified":"2016-02-07T10:42:08","modified_gmt":"2016-02-07T03:42:08","slug":"forget-payday-lenders-theres-a-much-better-way-to-borrow","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/forget-payday-lenders-theres-a-much-better-way-to-borrow\/","title":{"rendered":"Forget payday lenders \u2013 there\u2019s a much better way to borrow"},"content":{"rendered":"


\nLack of access to mainstream funds drives many to find loans at extortionate rates but there is a viable alternative. And savers can benefit tooWonga charges an APR of 1,509%, QuickQuid 1,270%, while doorstep seller Provident -Financial quotes 1,068%. Yet there is an alternative source of loans for hard-pressed individuals without a good credit history, and where interest rates start at just 12.7%.Credit unions \u2013 co-operatively managed \u201crun by you, for you\u201d organisations \u2013 offer savings and loans products starting at just \u00a350, and after years in the shadows are finally making more of an impact in England. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Forget payday lenders \u2013 there\u2019s a much better way to borrow<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lack of access to mainstream funds drives many to find loans at extortionate rates but...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-3997","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-12t","jetpack-related-posts":[{"id":85256,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wonga-2-0-meet-the-new-breed-of-payday-lenders\/","url_meta":{"origin":3997,"position":0},"title":"Wonga 2.0? Meet the new breed\u00a0of payday lenders","date":"April 14, 2018","format":false,"excerpt":"\r A new wave of credit firms is offering \u2018medium-term\u2019 loans at hefty APRs of up\u00a0to 1,421% The worst of the payday lenders, famed for offering short-term loans at sky-high interest rates, may have faded away, but vulnerable consumers are still being targeted with offers of loans with four-figure APRs.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55675,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/credit-union-for-retail-workers-aims-to-fend-off-payday-lenders\/","url_meta":{"origin":3997,"position":1},"title":"Credit union for retail workers aims to fend off payday lenders","date":"May 23, 2017","format":false,"excerpt":"\r The retailCURe credit union is backed by several large high street stores and offers loans and savings productsJohn Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers \u201cavoid the clutches\u201d of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-proposes-new-rules-for-payday-loan-industry-to-curtail-borrower-debt\/","url_meta":{"origin":3997,"position":2},"title":"US proposes new rules for payday loan industry to curtail borrower debt","date":"June 2, 2016","format":false,"excerpt":"\r Consumer Financial Protection Bureau seeks to require lenders to check if people can afford to repay as critics accuse agency of ignoring credit needs of poorThe US government announced plans on Thursday to regulate the controversial $38.5bn payday loan industry. Regulation of the high-interest, low-dollar loan industry has until\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dangerous-payday-loans-join-guns-and-drugs-on-googles-banned-ad-list\/","url_meta":{"origin":3997,"position":3},"title":"'Dangerous' payday loans join guns and drugs on Google's banned ad list","date":"May 12, 2016","format":false,"excerpt":"\r $46bn industry banned from advertising on most visited site in the worldLenders use extremely high interest rates and target vulnerable peopleGoogle announced a ban on search ads from payday lenders on Wednesday, classifying them in their \u201cdangerous products\u201d category with guns, tobacco and explosives. Banning ads from payday lenders\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fast-cash-with-500-interest-sexual-harassment-and-death-threats\/","url_meta":{"origin":3997,"position":4},"title":"Fast cash \u2013 with 500% interest, sexual harassment and death threats","date":"March 30, 2014","format":false,"excerpt":"\r The new regulator is in hot pursuit of logbook lenders who, in return for fast cash, can seize a borrower's car if they fall behind with repaymentsOne borrower was on his way to work when his car was repossessed. Others have faced death threats and sexual harassment by lenders\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25397,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/short-term-loan-history-from-workhouse-to-wonga-shows-things-are-getting-worse-letters\/","url_meta":{"origin":3997,"position":5},"title":"Short-term loan history, from workhouse to Wonga, shows things are getting worse | Letters","date":"September 8, 2016","format":false,"excerpt":"\r In 1797 Patrick Colquhoun was worried about pawnbrokers. Colquhoun, a Glaswegian merchant and magistrate, had co-founded a soup kitchen in London that aimed to \u201calleviate distress\u201d among working families. Colquhoun believed that the provision of nutritious and healthy soups would not simply assuage immediate hunger. He hoped it would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3997"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=3997"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3997\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=3997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=3997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=3997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}