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Payday loans are used by a wide variety of people in a multitude of situations. From unexpected financial difficulties to situations where a quick injection of cash is needed to see them through till next payday, they are a popular and useful way of borrowing money. We take a look at 10 reasons people take out payday loans. Redundancy In todayвЂs economic climate, there are very few вЂjobs for lifeвЂ and redundancy is something that more people across the UK […] New Retail Credit Union Launched: But Will Credit Unions Really Replace Payday Loans.
This week has seen the launch of a new credit union for the retail sector. The ndb bank housing loan interest rate union, called retailCURe is heralded to be a big boost for the sector. It is backed by a number of high street names including Debenhams and John Lewis and aims to give retail staff access to finance. Former Dragons Den star Theo paphitis has also backed the new venture revealing that he and his businesses have invested over ВЈ100,000 in the not-for-profit venture.
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