News - 6 July 2012

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06 Jul 12

Twelve airlines to become more transparent with ticket pricing by removing last minute card charges

Ryanair and Easyjet are among twelve airlines which, in a move to make their charging system more transparent, will now include card surcharges as part of their overall headline ticket price. The current practice for many airlines has been to add surcharges towards the end of the ticket booking...

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06 Jul 12

Wonga escapes ad ban from advertising watchdog

Payday loan lenders Wonga have avoided an advertising ban, despite more than 80 complaints that their TV advert had mislead viewers to the true cost of loans. The complaints focused on Wongas omission from their advert of the annual percentage rate (APR) attached to their loans. These rates can...

Loan Shark more
06 Jul 12

Victim triumphs over loan shark after 17 years of torment

Loan shark victim Mike received the Heros Award at the Trading Standards Institute conference in June, for helping to imprison his loan shark, who had extorted him for more than 90,000 over 17 years.

Student debt more
06 Jul 12

Credit Action debt statistics suggest household debt continuing to rise

Credit Action today (July 5) released their national debt statistics for July which show a continuing upwards trend in average household debt in 2012. Until the turn of the year the amount of household debt, excluding mortgages, had been on a steady, if slight, downward trend dating back to...