Cobra Payday Loans Blog

Is it the end for zero percent balance transfer deals?
December 14, 2020

Deals for Interest-free Balance Transfer Credit Cards Are Disappearing

In 2019, there were numerous offers available that allowed consumers to take a credit card and transfer the credit to another card to pay off the balance. Then they would be given an interest-free period in which they could pay back the balance. This was an excellent way for consumers to avoid expensive interest rates […]

Are we becoming a cashless society
December 7, 2020

Is the Pandemic Pushing the UK Towards Becoming a Cashless Society?

The recent Coronavirus outbreak has altered our lives in many ways during 2020, but one of the most significant and potentially long-term changes has been the reduction in the use of physical money. With people now less likely to want to come into contact with banknotes and coinage, the prospect of a cashless society is […]

employee salary advance schemes
December 2, 2020

Are Salary Advance Schemes Just Another Debt Trap?

Increasing numbers of cash strapped employees have turned to salary advance schemes during the coronavirus lockdown. But the Financial Conduct Authority (FCA) has questioned their transparency and the risk that they could push customers into a cycle of debt. Are such plans, which allow staff an advance on their wages already earned a good idea? […]