US/UK/Canada

Share

About Us

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

Pick a time period -
Tags ( Active)

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

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

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

There are no items matching the current filter
There are no more items matching the current filter
Back to top