Payday Futures

Barrow Cadbury funded project investigating High Cost Short Term Credit and regulation by @DrAppleyard @CBiS_CovUni & @CarlPackman @FinHealthEx #PaydayFutures

[Payday Futures @PaydayFutures]

We'll provide updates on the project via Coventry website https://t.co/nZKzPLJr74 and the Financial Health Exchange https://t.co/cxQiTaCMhX

[CHASM @UoBCHASM]

Very few declined pay day loan applicants ended up getting debt help as a response to their decline according to @DrAppleyard presenting to us today

[CHASM @UoBCHASM]

@DrAppleyard offers various recommendations for how to address irresponsible lending - including more affordable credit products, feasibility of no interest loans scheme as found in Australia, or guidelines for debt agencies for helping decliners @UoBCHASM

[CHASM @UoBCHASM]

Do loan sharks benefit directly from decliners from pay day lenders ? Not clear is any research in this area - questions to @DrAppleyard on her impact on decliners at @UoBCHASM seminar today

[CHASM @UoBCHASM]

Very pleased to have ⁦@DrAppleyard⁩ presenting joint work with ⁦@ToynbeeHall⁩ to us today on fall out from payday lending restrictions over last few years - right policy but what about the impact on users of these loans?

[carl packman @CarlPackman]

The misselling in this industry is nothing short of scandalous:
“many loans had been mis-sold to people who could not afford to pay them back ... former customers could be entitled to up to £223m in compensation, including interest.” https://t.co/8wm24vCRKV @PeacheyK

[Payday Futures @PaydayFutures]

We are excited to announce the publication of our new report on declined applicants of payday loans- concluding research from @CBiS_CovUni & @ToynbeeHall discussing financial exclusion & ground-up solutions to promote financial resilience #affordablecredit https://t.co/TtjADYyObI

[carl packman @CarlPackman]

Also points out the “ikea effect” within service innovation: over-appreciating something you’ve designed yourself even if it’s shoddy #Financialhealth18

[carl packman @CarlPackman]

An excellent point made by @anna_luise (@TheFinanceLab) - we see little empathy in financial services today, and that we discuss cognitive biases in our sector as though it was only consumers that have them, not people within financial services. #Financialhealth18

[Learning and Work Institute @LearnWorkUK]

Follow #FinancialHealth18 for coverage of our Redesigning financial services and support event taking place tomorrow with @responsiblecred @ToynbeeHall and @michaelsheen

[Responsible Credit @responsiblecred]

Come to our Redesigning Financial Services and Support conference on 25th April and hear @CarlPackman and @DrAppleyard talk about what's happened to payday lending, and @dropthedebt talk about how to tackle unjust consumer credit debt https://t.co/VaPnFp1VkU https://t.co/x4ibfPIDF8

[carl packman @CarlPackman]

.@DrAppleyard and I will be presenting here on the work we've been doing looking at the lived experience of declined applicants of payday loans @PaydayFutures https://t.co/kMzmWRc01W

[carl packman @CarlPackman]

Friend and colleague @AudreyGiroud @getchipin is seeking views on how you save money - it takes less than 5mins, and share if you can https://t.co/rYVbbWe3KN

[carl packman @CarlPackman]

Today sees the beginning of the @EHCCAlliance launched by @michaelsheen set up to find fairer alternative sources of credit - excited to be a part of this at @ToynbeeHall https://t.co/BeT1TbTo8f