ScotCash win twice awards at the Credit Awards 2018!
Welcom Digital is delighted to congratulate ScotCash on winning two awards at the prestigious Credit Awards 2018!
Labour pledges cap on overdraft fees and interest payments
Labour says it would cap the total amount anyone could pay in bank overdraft fees or interest repayments.
Shadow chancellor John McDonnell said he wanted to end the "national scandal" of low paid families trapped in debt.
Labour said the policy could help 2.7 million people who are stuck with permanent overdrafts, saving them the equivalent of £86 each per year.
The Treasury said it had already tightened the rules to protect debtors and cracked down on payday loans.
Global FinTech funding hits record $5.4bn in Q1
VC-backed FinTech firms raised a record $5.4 billion in the first quarter of 2018, boosted by a dozen mega-rounds of at least $100 million, according to the latest figures from CB Insights
£1bn deal for Leeds credit reference business
Callcredit Information Group, which is understood to be the second largest consumer credit bureau in the UK, has been bought by New York Stock Exchange-listed TransUnion.
Third of consumers see defaults as lenders’ responsibility
Nearly a third of consumers see defaulting on a loan payment as being the fault of the lender rather than the borrower, a report has found.
Consumer lending dropped 'significantly' in first quarter of 2018
The availability of consumer credit dropped “significantly” in the first quarter of 2018, according to a survey of credit conditions published by the Bank of England.