How Has the FCA Changed the UK Payday Loans Market?

When the OFT (Office for Fair Trading) were responsible, the payday lending market was inefficiently regulated.  Although firmsnominally abided by the terms of the Consumer Credit Act, they largely acted as if there were no regulations at all.  The technology of applying online, the lack of affordability checks and the fact that borrowers could easily refinance the loans all meant that it was easy for borrowers to start out with a small loan which could spiral out of all control once interest charges and late fees were added.  Some payday firms also had unscrupulous and unethical business practices.  For example, they would often threaten to get the money repaid as soon as possible or encourage the borrower to take out another larger loan.

Payday loan regulationsbecame more robust when the FCA took over in April 2014.  Apart from ensuring that all consumer credit firms were registered with them, the …

How to Become an Online Seller

For those who are looking to start their own business in 2019 – it’s never too early to get started! – there are plenty of ideas to get you started. In particular, many may be starting to look at online selling as a sort of ‘get rich quick’ scheme. Obviously, there’s a great deal of room to go wrong with becoming an online seller but it can also go very well so long as you plan ahead and research what you’re about to do.

So, with that in mind, here are some important things to keep in mind when starting out as an online seller.

Choose Your Platform

The thing with selling online is that there are now plenty of ways to do; either with your own website, or via already established sites such as Amazon and eBay. When you’re just starting out, more often than not, it’s easier and …

How to Make Your Used Car or Truck Run Smoothly On the Road?

Maintaining a car is indeed never a cake walk. It takes a lot if time and efforts repeatedly to keep your car as good as new. Every car brings a sense of responsibility with it. It becomes your duty to take its care for smooth and uninterrupted performance.

But, as stated earlier keeping your car new is not at all easy after all the regular wear tear takes the toll. You need to know a lot of things beforehand with respect to its maintenance.

You cannot buy a new car or a truck all the time, isn’t it? But how about buying an old one and turning it into a new car or a new truck? Sounds good?

So, here we are to give you a couple of tips as to how you can keep your car or truck, as good as new one even if you end up buying …

Government’s £100m Boost to Fix Potholes Welcomed by Haulage Industry

Following one of the coldest winters on record earlier this year, the government has announced it will find £100 million to fix the country’s potholed roads.

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Bad Weather Repairs

Chris Grayling, the Transport Secretary, has said the money will go towards repairing the two million potholes that the harsh weather has created, causing an increase in HGV Insurance claims.

Current Funding

The government already provides £75 million to councils around the country through the Pothole Action Fund; this is on top of £46 million which, it was announced, would be given to highways authorities at the end of 2017. A further £900,000 is also being invested in vehicles which will provide data to local councils, allowing them to repair roads before potholes appear. In 2017, high-definition cameras were fitted to refuse trucks to help them detect and record pothole locations.

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Good News

The news has been …