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Western Circle
Western Circle (trading as Cashfloat) is a British payday loan company offering ''"short-term, high-cost credit"''. The interest charged by the lender is up to 277.40% pa. The interest is non-compound, as dictated by the FCA. The company declare an APR of 1116% but also claim that the APR measurement is irrelevant for non-compound loans. The firm operates in the UK market only. The company claims to be technology oriented, and developed its own decision making algorithms. History Consumer credit suppliers, like Western Circle, were regulated in the UK by the Office of Fair Trading (OFT) until April 2014, but has since been regulated by the Financial Conduct Authority (FCA). The firm's activity under the OFT was too small to cause any headlines, and hence didn't get direct criticism like more active companies in its sector, such as Wonga. The activity of the company is allied to the strict regulations of the FCA. The new regulations force much fairer practices in comparison to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payday Loan
A payday loan (also called a payday advance, salary loan, payroll loan, small dollar loan, short term, or cash advance loan) is a short-term unsecured loan, often characterized by high interest rates. These loans are typically designed to cover immediate financial needs and are intended to be repaid on the borrower's next payday. The term "payday" in payday loan refers to when a borrower writes a postdated check to the lender for the payday salary, but receives part of that payday sum in immediate cash from the lender. However, in common parlance, the concept also applies regardless of whether repayment of loans is linked to a borrower's payday. The loans are also sometimes referred to as " cash advances", though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces. To prevent usury (unre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Credit
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Conduct Authority
The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom. It operates independently of the UK Government and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers, and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Like its predecessor the FSA, the FCA is structured as a company limited by guarantee.Goldsworth, J., ''Lexicon of Trust & Foundation Practice'' ( Wendens Ambo: Mulberry House Press, 2016)p. 140 The FCA works alongside the Prudential Regulation Authority and the Financial Policy Committee to set regulatory requirements for the financial sector. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the Unite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wonga
Wonga may refer to: Events * 2004 Equatorial Guinea coup d'état attempt, or the Wonga coup * Wonga, a contest on ''The Big Breakfast'' television show Life forms * Wonga pigeon (''Leucosarcia melanoleuca''), an Australian bird * One of two climbing plants in ''Pandorea'': ** '' P. pandorana'' (wonga vine), endemic to Australia, Melanesia and Malesia ** '' P. baileyana'' (large-leaved wonga), endemic to eastern Australia Places in Australia Queensland * Wonga, Queensland, a town * Wonga Beach, Queensland, a locality Victoria * Wonga, a town in South Gippsland Shire * Wonga Park, Victoria, a suburb of Melbourne *Arthurs Seat, Victoria, a hill and locality () Other uses * Wonga, a British slang term for money ** Wonga.com, a payday loan firm (2006–2020) * Simon Wonga (1824–1874), Aboriginal elder See also * Oonga (other) * Wanga (other) * Wongo (other) * Wonka (other) * Wunga (other) Wunga may refer to: * Wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (checking account, cheque accounts), credit cards, Credit (finance), credit, share term certificates (Certificate of deposit, certificates of deposit), and online banking. Normally, only a member of a credit union may deposit account, deposit or loan, borrow money. In several African countries, credit unions are commonly referred to as ''SACCOs'' (''savings and credit co-operatives''). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 375 million, with over 100 millio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wonga
Wonga may refer to: Events * 2004 Equatorial Guinea coup d'état attempt, or the Wonga coup * Wonga, a contest on ''The Big Breakfast'' television show Life forms * Wonga pigeon (''Leucosarcia melanoleuca''), an Australian bird * One of two climbing plants in ''Pandorea'': ** '' P. pandorana'' (wonga vine), endemic to Australia, Melanesia and Malesia ** '' P. baileyana'' (large-leaved wonga), endemic to eastern Australia Places in Australia Queensland * Wonga, Queensland, a town * Wonga Beach, Queensland, a locality Victoria * Wonga, a town in South Gippsland Shire * Wonga Park, Victoria, a suburb of Melbourne *Arthurs Seat, Victoria, a hill and locality () Other uses * Wonga, a British slang term for money ** Wonga.com, a payday loan firm (2006–2020) * Simon Wonga (1824–1874), Aboriginal elder See also * Oonga (other) * Wanga (other) * Wongo (other) * Wonka (other) * Wunga (other) Wunga may refer to: * Wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dollar Financial Group
Money Mart Financial Services, formerly Dollar Financial Group, is a financial services company with over 350 locations in Canada and the U.S. The company offers a range of financial services, including Personal loan, installment loan, cash advance /payday loan, check cashing, prepaid card, and money transfer services. It focuses on the underbanked and subprime customer segments. Prior to 2018, the name 'Money Mart' was associated only with the 38-year-old Canadian unit DFG acquired in November 1996. Money Mart Financial Services operates under a number of retail brands. In Canada, the company has Money Mart and Insta-Chèques stores. In the U.S. it has Money Mart and The Check Cashing Store locations. Some services are also offered online via the company’s consumer websites. History logo still used at many locations Founded in 1979 as Monetary Management Corporation, the company changed its name to Dollar Financial Group in 1990. In 1996, it purchased Money Mart, which was f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Gap Group
CashLady is UK-based financial services company and a short-term loan broker. The company works with various payday loan providers, matching applicants with lenders. CashLady acts as an intermediary in this capacity. History Founded in 2008, by Money Gap Limited in London under the brand name CashLady. CashLady was acquired by ''Digitonomy Limited'' around 2020 and continued to operate under the new owner as CashLady. The original founding company, Money Gap Limited went into insolvency on the 8 September 2020 and was dissolved on 9 March 2022. Regulatory action In 2013 Cash Lady was heavily criticised over an advertising campaign featuring Kerry Katona. Following complaints to the Advertising Standards Authority (United Kingdom), CashLady advertisements were re-edited to remove the phrase 'Fast Cash for Fast Lives'. The ASA believed that this phrase implied that a payday loan would ‘help fund a high-flying celebrity lifestyle’. In July 2013, (one month later) Kerry Kat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Satsuma Loans
Satsuma Loans (a trading name of Provident Personal Credit) was a British an online loan provider and payday lender offering short-term loans. It was launched by doorstep lender Provident Financial in 2013 and was closed down in 2021. Satsuma Loans charged a typical annual percentage rate of 991% , with a maximum interest rate of 1,575%. Satsuma used to lend up to £1,000 to first time customers which could be borrowed over a 12-month period, incurring an interest charge of £990 on a £1,000 loan. Satsuma Loans offered fixed weekly or monthly repayment plans and claim that there were no hidden fees or charges with their loans. History The Satsuma brand was launched by Provident Personal Credit in 2013. Provident had been in the business of providing small doorstep loans since 1880s. Satsuma had £5 million of loans as of 2015, increasing from £1.8 million the previous year. Between 2014 and 2016 Satsuma Loans sponsored RFU Championship side Yorkshire Carnegie in a deal wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Companies Established In 2014
British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture * British English, the English language as spoken and written in United Kingdom of Great Britain and Northern Ireland and, more broadly, throughout the British Isles * Celtic Britons, an ancient ethno-linguistic group * Brittonic languages, a branch of the Insular Celtic language family (formerly called British) ** Common Brittonic, an ancient language Other uses *People or things associated with: ** Great Britain, an island ** British Isles, an island group ** United Kingdom, a sovereign state ** British Empire, a historical global colonial empire ** Kingdom of Great Britain (1707–1800) ** United Kingdom of Great Britain and Ireland (1801–1922) * British Raj, colonial India under the British Empire * British Hong Kong, colonial H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
