Latest news with #Payday
Scottish Sun
6 days ago
- Business
- Scottish Sun
Payday loan firm with thousands of customers plunges into administration – what it means for YOU and your repayments
Read on to find out how you can make a claim ALL ALOAN Payday loan firm with thousands of customers plunges into administration – what it means for YOU and your repayments Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A Payday loan company has entered administration, affecting thousands of customers. Fund Ourselves Limited entered administration on Monday, the Financial Conduct Authority (FCA) said. Sign up for Scottish Sun newsletter Sign up 1 Payday lender Fund Ourselves Limited has gone bust Credit: PA:Press Association Borrowers are being urged to continue making payments as normal, otherwise they risk damaging their credit score or being hit with additional charges as a penalty for late or missed payments. If your credit score takes a hit it could stop you from borrowing money in the future, for example if you want to apply for a mortgage, loan or even a phone contract. Sara Williams, founder of advice website Debt Camel, explains: 'If you have taken out a loan with Fund Ourselves then you still legally owe that money, the fact they have gone bust doesn't change this. "If repaying this loan will cause you problems, talk to a debt adviser." Customers who are struggling to make repayments should speak to the lender about arranging a more affordable plan to pay back the debt. They can also get free and impartial help from MoneyHelper. Louise Brittain and Robert Young of Azets Holdings Limited have been appointed as joint administrators to wind down the firm. They will be writing to all known creditors shortly to explain what the administration means for them and how to make a claim. Fund Ourselves Limited offered high-cost short-term credit loans and a small peer-to-peer lending platform. It also offered crowdfunded loans that were used to finance high-cost short-term credit loans. The FCA took action against the company to restrict its assets and permissions to carry out regulatory activities. The regulator said: 'We are engaging with the firm and the Joint Administrators to seek to ensure the best outcomes for customers.' Customers and retail investors of the company are not covered by the Financial Services Compensation Scheme (FSCS). The scheme protects consumers when financial firms go out of business. For example, if your bank or insurer goes bust and can't give you your money back, then in some cases the FSCS may be able to give you compensation of up to £85,000. But this does not apply to Fund Ourselves Limited customers, the FCA said. What to do if you can't pay back a Payday loan HERE'S what you should do if you can't pay back a loan that you've taken out, according to the Money Advice Service: Contact the Payday lender as soon as possible - By law, they must pause any repayments for a reasonable amount of time until you can come up with a plan with a debt adviser for how to make the repayments affordable. They may also freeze interest or suspend charges. Think about cancelling the recurring payment - But ONLY if you've spoken to the lender first. This may damage your credit score further but if you need the money to pay for things like food, rent or utility bills then you may have to look at stopping the payments. You should also get free debt advice before doing this. Refuse to roll your loan over - The lender may advise you to "roll over" your loan to the next month but this is bad idea. It means you'll have to pay even more in charges and interest so you actually end up owing more. Instead, you should look at agreeing an affordable repayment plan. Get help from a free debt adviser - If you don't know how to deal with a Payday lender or are struggling with how you're going to approach them you can get free help from the following charities: StepChange Debt Charity National Debtline Citizens Advice – England and Wales Citizens Advice – Scotland Citizens Advice – Northern Ireland Advice NI The joint administrators will give more details about how any complaints will be dealt with in the coming months. If you have any questions about a claim against Fund Ourselves Limited, or any questions or loans and investments then you should contact the joint administrators' customer support team. To do so email fundourselves@ or call 07858 969 574. If you can't get answers to your questions from the administrators then you may be able to speak to the Financial Ombudsman Service. To check if you can make a complaint visit Sara Williams explains that you may be able to get a refund in certain circumstances. She said: "If the loan was large or you have borrowed several times from Fund Ourselves, you may be owed a refund for 'unaffordable lending'. "You will be able to make a claim to the administrators.' The FCA has also warned all customers to stay alert to fraud. If you are unexpectedly contacted by someone claiming to be from Fund Ourselves Limited or Azets, end the call and contact them using the number above. Which other Payday lenders have gone bust? Fund Ourselves Limited is not the first Payday lender to call it a day. One of the UK's biggest short-term lender, Wonga, went bust in August 2018. Since then, Sunny has gone into administration, affecting 50,000 customers. The high-cost credit firm went bust in 2020, blaming the impact of the coronavirus and the continued clampdown on the Payday loan sector. Piggy Bank, 247MoneyBox, QuickQuid, WageDayAdvance and Juo Loans have also gone bust, throwing customers into financial uncertainty. Many of them buckled under an influx of compensation claims over irresponsible lending. Now that the company has gone bust, compensation claims are at risk. Customers who have already submitted a claim may only get back a portion of what they are owed because the company might not be able to afford to pay you in full. The unaffordable loans may also be removed from your credit record. Borrowers who think they were irresponsibly lent to but haven't made a claim yet should do so. This is because when a company fails, your compensation claim will be added to the back of a long queue of people the business owes money to. Big investors and lenders will usually be paid first, which could mean the pot of money left for customers is much smaller. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@ Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories
The Sun
6 days ago
- Business
- The Sun
Payday loan firm with thousands of customers plunges into administration – what it means for YOU and your repayments
A Payday loan company has entered administration, affecting thousands of customers. Fund Ourselves Limited entered administration on Monday, the Financial Conduct Authority (FCA) said. Borrowers are being urged to continue making payments as normal, otherwise they risk damaging their credit score or being hit with additional charges as a penalty for late or missed payments. If your credit score takes a hit it could stop you from borrowing money in the future, for example if you want to apply for a mortgage, loan or even a phone contract. Sara Williams, founder of advice website Debt Camel, explains: 'If you have taken out a loan with Fund Ourselves then you still legally owe that money, the fact they have gone bust doesn't change this. "If repaying this loan will cause you problems, talk to a debt adviser." Customers who are struggling to make repayments should speak to the lender about arranging a more affordable plan to pay back the debt. They can also get free and impartial help from MoneyHelper. Louise Brittain and Robert Young of Azets Holdings Limited have been appointed as joint administrators to wind down the firm. They will be writing to all known creditors shortly to explain what the administration means for them and how to make a claim. Fund Ourselves Limited offered high-cost short-term credit loans and a small peer-to-peer lending platform. It also offered crowdfunded loans that were used to finance high-cost short-term credit loans. The FCA took action against the company to restrict its assets and permissions to carry out regulatory activities. The regulator said: 'We are engaging with the firm and the Joint Administrators to seek to ensure the best outcomes for customers.' Customers and retail investors of the company are not covered by the Financial Services Compensation Scheme (FSCS). The scheme protects consumers when financial firms go out of business. For example, if your bank or insurer goes bust and can't give you your money back, then in some cases the FSCS may be able to give you compensation of up to £85,000. But this does not apply to Fund Ourselves Limited customers, the FCA said. What to do if you can't pay back a Payday loan HERE'S what you should do if you can't pay back a loan that you've taken out, according to the Money Advice Service: Contact the Payday lender as soon as possible - By law, they must pause any repayments for a reasonable amount of time until you can come up with a plan with a debt adviser for how to make the repayments affordable. They may also freeze interest or suspend charges. Think about cancelling the recurring payment - But ONLY if you've spoken to the lender first. This may damage your credit score further but if you need the money to pay for things like food, rent or utility bills then you may have to look at stopping the payments. You should also get free debt advice before doing this. Refuse to roll your loan over - The lender may advise you to "roll over" your loan to the next month but this is bad idea. It means you'll have to pay even more in charges and interest so you actually end up owing more. Instead, you should look at agreeing an affordable repayment plan. Get help from a free debt adviser - If you don't know how to deal with a Payday lender or are struggling with how you're going to approach them you can get free help from the following charities: The joint administrators will give more details about how any complaints will be dealt with in the coming months. If you have any questions about a claim against Fund Ourselves Limited, or any questions or loans and investments then you should contact the joint administrators' customer support team. To do so email fundourselves@ or call 07858 969 574. If you can't get answers to your questions from the administrators then you may be able to speak to the Financial Ombudsman Service. To check if you can make a complaint visit Sara Williams explains that you may be able to get a refund in certain circumstances. She said: "If the loan was large or you have borrowed several times from Fund Ourselves, you may be owed a refund for 'unaffordable lending'. "You will be able to make a claim to the administrators.' The FCA has also warned all customers to stay alert to fraud. If you are unexpectedly contacted by someone claiming to be from Fund Ourselves Limited or Azets, end the call and contact them using the number above. Which other Payday lenders have gone bust? Fund Ourselves Limited is not the first Payday lender to call it a day. One of the UK's biggest short-term lender, Wonga, went bust in August 2018. Since then, Sunny has gone into administration, affecting 50,000 customers. The high-cost credit firm went bust in 2020, blaming the impact of the coronavirus and the continued clampdown on the Payday loan sector. Piggy Bank, 247MoneyBox, QuickQuid, WageDayAdvance and Juo Loans have also gone bust, throwing customers into financial uncertainty. Many of them buckled under an influx of compensation claims over irresponsible lending. Now that the company has gone bust, compensation claims are at risk. Customers who have already submitted a claim may only get back a portion of what they are owed because the company might not be able to afford to pay you in full. The unaffordable loans may also be removed from your credit record. Borrowers who think they were irresponsibly lent to but haven't made a claim yet should do so. This is because when a company fails, your compensation claim will be added to the back of a long queue of people the business owes money to. Big investors and lenders will usually be paid first, which could mean the pot of money left for customers is much smaller.
Eater
01-07-2025
- Entertainment
- Eater
Inside the Wild World of Shag and Shots in North Myrtle Beach
The only reason Derek Goodwin wasn't in the weeds behind the bar at Fat Harold's at 4 p.m. on a spring Wednesday was because he was prepared. While it felt like the rest of the world was in the middle of Zoom meetings or afternoon coffee orders, here at this North Myrtle Beach institution, it was go time. The Society of Stranders [SOS] Spring Safari is an annual festival that's a week-long shag dance party, filling North Myrtle's Ocean Drive bars with capacity crowds even before the sun sets. This year, as always, Fat Harold's was one of the host bars for the April 23-May 4 event, and they'd made sure they had the makings on deck for thousands of shooter cocktails. North Myrtle has always been the 'quieter' side of what's known as the Grand Strand of South Carolina, and despite the high rises that dominate the beachfront, you can still find plenty of classic wooden beach houses for rent within a couple of blocks of the ocean. It's also become a haven for retirees, with a 2023 census noting that seniors make up almost 40 percent of its 20,300 residents. It felt like a lot of them were here, waiting for Goodwin to make a drink, a shooter to be exact. That shouldn't be confused with pure liquor shots, as they are their own unique beast, and he knows 160 recipes for them, from Alabama Slammer to Sex with an Alligator. Fat Harold's sits off Ocean Drive, its jukebox-style facade an architectural icon of the area. Inside, neon-lit rooms ramble from a front grill area, turning out hot dogs and fried bologna sandwiches with speed, to the main room, complete with a dance floor, bandstand, and an elevated bar that allows an easy line of sight to watch the dance floor action. The back room features even more seating and another bar, making it a convenient stop for those returning after a cigarette break behind the building. Throughout it all, walls are covered with memorabilia and commemorative photos of the DJs Hall of Fame, making its low-ceilinged spaces a meandering shrine to the golden era of shag. The live band was jamming, and the room was filled with hundreds of people who, while they might know their way around an AARP card, were mixing, mingling, and twirling to classic beach music hits on the dance floor. The Carolina Shag, sort of the 'swing dance of the South,' originated in North Myrtle Beach in the 60s, and Fat Harold's is still the epicenter of the culture, which welcomes all ages but is dominated by dancers who learned to dance — and drink — during that era. Beyond the bottled beers, the simple highballs, or shots of tequila, the shooter reigns supreme as the drink of choice for SOS gatherings every year. Fat Harold's sold hoards of these multi-ingredient shots throughout the week-long shag. To prepare the mega orders, Goodwin lined up mini plastic cups on cafeteria trays, free counted the ingredients in a cocktail tin, and then served batches at a time. 'My favorite shooter is a Payday,' said Amy Bolen of Madison, North Carolina, who drives four-plus hours to attend the SOS Safari. 'It tastes just like a Payday candy bar. I had it for the first time right here at Fat Harold's eight years ago, and it's been my favorite ever since.' This outpost of shooter devotion is an anomaly in the age of the craft cocktail. According to historian David Wondrich, shooters, these mini bar drinks, first appeared in the 1970s when bartenders combined liquors with sweet syrups and cordials, then sold them under cheeky names. In the era of rebellion, this was anything but your father's Old Fashioned, and the highest compliment for a shooter was not simply that it 'didn't taste like alcohol,' but often that it tasted like something else: a candy bar, a peanut butter and jelly sandwich, or a Jolly Rancher hard candy. Many shaggers discovered shooters in the 1970s and they never looked back. 'The dancers can have a drink, something quick that is sweet and lower alcohol than a traditional cocktail, and keep on dancing,' Goodwin explains. Over the course of the week, groups ordered rounds of shots for each other: Kamikazes, Raspberry Lemon Drops, Redheaded Sluts, Liquid Marijuana, and plenty of Paydays. The groups of friends took shots and then got back on the dance floor, dazzling with moves they've been perfecting for decades. In an era where the Atlantic is calling for Americans to party more, the shaggers have kept the good times going all along. 'It's just a great group of people here,' Bolen said. 'Everyone knows how to have fun. And we love to have shooters every now and then. Yeah, love it.' 2 ounces of butterscotch schnapps Add the ingredients to a cocktail shaker filled with ice and shake until chilled. Strain into cups with a salted rim and serve immediately. See More: Bars Dining Out in the Carolinas Eater Scenes
Emirates Woman
30-06-2025
- Entertainment
- Emirates Woman
July 2025: The high-street payday summer hits on sale
Fashion by Sarah Joseph June 30, 2025 Summer wardrobes, rejoice. As paychecks drop and temperatures rise, the high street is bringing the heat with stylish payday hits that won't break the bank. From breezy co-ords and statement accessories to city-chic tailoring and vacation-ready sandals, these are the payday-approved pieces worth clicking 'add to cart' for. Whether you're styling for a sunset dinner, a rooftop brunch, or just want to upgrade your everyday uniform, consider this your cheat sheet to what's trending—on sale and on point. So, here's what to look for whether you're shopping around the mall or simply scrolling on all the websites. The Outfit Elevator Instant chic, no stylist required. With dresses think sculptural, swishy, and under-the-radar cool. For your workwear staples, aan oversized The Accessories Boost Because one new bag changes everything. From square-toed sandals to raffia bags, that look expensive, Mango is your go-to guide. The Feel-Good Finds Small treats, big serotonin. From that H&M home santal candle to that printed scarf from Zara, the small find are actually big wins, especially when it's payday. The Capsule Classics Payday is the time to shop smarter. Be it tailored denim that works with heels or slides. So swipe through our favourite buys, to save your time from all the scrolling. – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram Images: Supplied & Feature Image: Pinterest
Daily Mirror
24-06-2025
- Business
- Daily Mirror
Estée Lauder perfume that smells 'oriental and enchanting' is reduced to £41
If you're looking for a new signature perfume, Amazon has just slashed the price of Estée Lauder's iconic fragrance that shoppers have loved for decades Payday is just around the corner for most of us, and what a better way to spend your hard-earned paycheck than on a little luxury treat for yourself? If you're looking for the perfect payday pick or are just in need of a new fragrance for the summer, we've found just the one. Estée Lauder's Cinnnabar Eau De Parfum has been praised by shoppers for being 'beautifully oriental and enchanting', and the best part is that it's currently reduced on Amazon in a limited time offer. Originally priced at £49 on Amazon, but £70 on the Estée Lauder wesbite, a flash sale sees this fragrance drop down to £41. If you're after a perfume that's warm, fresh and a little spicy, Cinnabar is the perfect scent. With opening notes of jasmine, orange flower and tangerine, there's a citrusy freshness to the fragrance. This is then followed with rich base notes of olibanum, patchouli, sandalwood and clove. The result? A sensual and warming fragrance that will linger all day. Shoppers can't get enough of this perfume, with someone raving that they've been using the scent for the past 20 years. They wrote: "This is truly an unforgettable Scent. It is as beautifully oriental and enchanting Today as the first day I was given it on my 21st Birthday in the late 1990's. A lovely new box and bottle added to the experience." And a second added: "Love this perfume been using it for over 40+ years and the compliments I get every time is insane. Fabulous quality and at a knocked down price too". However, not everyone is as fond of Cinnabar as they once were, with a few stating that since Estée Lauder tweaked the formula, it doesn't last quite as long and doesn't have the same punchy fragrance. One shopper said: "I've worn this perfume since the early 80sI Bought a bottle last year in the new packaging...I contacted Estée Lauder only to discover they've changed the formula!" If you're looking for a similar fragrance, a few have likened the scent to YSL's Black Opium, which is currently reduced on LookFantastic from £69 to £55.20. While my personal favourite YSL perfume is the Dua Lipa-fronted Libre, also on sale for £57.60 down from £72.
