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Mr Lender is a leading UK-based short-term credit provider, offering loans of up to £1,000 repayable up to 6 months. The business is highly rated as a responsible lender and equally so for customer care, with an average rating of 4.8 stars out of 5 on independent website Reviews.co.uk. Furthermore, 97% of customers rate us 4 stars or above*. * As at 15 January 2015

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Could the 'Right to Buy' be right for you?

Following the Conservative's manifesto launch, we look at whether the Right to Buy scheme will prove beneficial for the working-class person. The General Election campaigns for 2015 are in full swing, and today the Conservatives launched their party manifesto which had the expansion of the Right to Buy scheme  at its heart, in the hope they can connect with low income families and be "the party of the working people". Introduced in 1980 by the Conservatives, the Right to Buy scheme was the flagship of Margaret Thatcher's party campaign

Transparency and trust issues highlighted again

Following more negative headlines last weekend about the payday lending market, we focus on the importance of transparency, trust and great customer service. It’s now over a year since the Financial Conduct Authority (FCA) became responsible for the regulation of the ‘payday lending’ market. Plenty has happened in that year and it’s good to see that after what seemed like a constant stream of negative headlines, a lot is happening to bring control and clarity to the industry. It’s certainly not all doom and gloom that some would try to have you believe; see our previous article ‘

GO BEYOND THE HEADLINES

Marc from Mr Lender discusses new lower interest rates and the media's coverage of this topic. 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 more than 0.8% per day in interest and fees. You’ll no doubt see plenty of headlines about this over the next few days. Despite a number of firms now offering these new terms there seems to be plenty of scare stories doing the rounds about how Representative APR figures are still very high

FAILING DEBT MANAGEMENT FIRMS DUE TO LEAVE CONSUMERS STRANDED

In recent times, tough economic conditions in the UK have seen many people fall into debt. In some cases individuals have seen their debts spiral to such an extent they either couldn’t afford to repay them or they’ve struggled to manage repayments to multiple creditors. In response to this a number of firms came into being, offering to help these individuals manage their debts. These are generally known as debt management companies (DMCs). DMCs and DMPs explained Generally the way the relationship works is that the DMC would take on the role of managing an individual’s debts.

WHAT'S THE TRUE MARK OF SUCCESS?

Marc from Mr Lender talks about the image often portrayed of the short-term lending industry, but cuts through the tales to look at the actual views of the customer. It’s fair to say that the short-term (or ‘payday’) lending industry doesn’t have the best image in the eyes of the media, and when the media sets the tone for a topic or puts certain messages out there, it’s natural that this feeling is going to spread to the general public. But without knowing or finding out the real facts, your opinion will usually be skewed because of what you’ve seen or heard from others. Having

THE NEW INTEREST RATE IN SIMPLE TERMS

Being one of the first (if not the first) short-term lender in the market to introduce a new, lower interest rate in line with Financial Conduct Authority guidance, needless to say it's proving very popular as customers will naturally look for the best deals around. We get that representative APRs, interest rates, fees etc. can be confusing. That's why we lay it all out clearly on the home page of our website so you can see exactly what it would cost you to borrow from us.  But in the very simplest terms, our interest rate is now 0.8% per day, meaning that for every £100 you borrow,

STAMP DUTY JOY FOR THOUSANDS

Yesterday, Chancellor George Osborne gave his Autumn Statement to Parliament; the final one before the next General Election. The big bonus from a consumer’s perspective was the announced changes to stamp duty which came into effect today (from midnight). Until now, stamp duty has always been a major issue and expense for all home buyers across the UK. The way it was structured meant that many were penalised due to the trigger points set. Previous stamp duty bands were as follows: · 0% on property purchased up to £125,000 · 1% from £125,000.01 to £250,000 · 3% from £250,000.

MR LENDER LEADS WAY IN SHORT-TERM CONSUMER CREDIT MARKET

Mr Lender , a leading UK-based short term loans provider, today announces it is one of the first in its industry to introduce a new, lower interest rate for customers. This follows an announcement by the Financial Conduct Authority (“the FCA”) on 11 November 2014 introducing new price cap regulations. Under the new regulations, the following apply: 1. Interest payable is capped at 0.8% per day 2. Fixed default fees are capped at £15 3. The total interest and fees charged on a loan can never exceed 100% of the amount borrowed Following this announcement,

NEW FCA RULES FOR CREDIT BROKERS

On Monday this week, The Financial Conduct Authority (FCA) moved to introduce further rules regarding the activities of credit brokers operating in the short term lending market. The new rules came with no prior consultation, showing how serious the FCA regards the matter. What’s a credit broker? Generally, brokers operate through websites which offer to find loans for consumers, but a lack of clarity and disclosure on a number of sites led people to believe they were dealing direct with a lender. The broker could then find a lender to serve the customer, but – through small print

RESPONSIBLE ACROSS THE BOARD

Marc from Mr Lender gives his views on calls for payday loan TV adverts to be banned pre the 9pm watershed. It’s been widely publicised that the Financial Conduct Authority (FCA) is now responsible for the regulation of the high cost short-term credit market, otherwise known as the payday loans industry. This is a major but great move, as it will ensure a top-to-bottom refresh of a sector that has (quite rightly in some cases) earned a less than favourable image in the eyes of the public. Today it’s been reported that Government ministers are pushing for rules which would mean

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