Why pay more than you should for a short term loan?

Mr Lender: Why pay more than you should for a short term loan?
 
Published: 12/05/2015 and written by Patrick Smith

Surely as a customer borrowing money you should only pay interest on what you owe at the time, right? So as you pay part of your loan off, you owe less, and the interest payable comes down accordingly. Why should you have to pay interest based on the whole amount you originally borrowed, even though you don’t owe that now?

Go beyond the headlines

Mr Lender: Go beyond the headlines
 
Published: 02/01/2015 and written by Robert Rosen

We’re now into January 2015 and that means one of the major new Financial Conduct Authority rule changes has come into effect for short-term lenders: this is the new rate cap, where lenders can’t charge […]