News Iceland Loans: UK supermarket Iceland offers loans to help struggling shoppers buy food
British supermarket group Iceland Foods will allow shoppers to take out small, interest-free loans to buy groceries, it said on Wednesday, in a scheme targeted at poor households struggling with soaring costs of living. Iceland will partner with non-profit lender Fair For You to offer loans of 25-100 pounds ($30-$121) through pre-loaded cards to financially vulnerable customers, who can make repayments once a week. The scheme comes as UK inflation hovers around 40-year highs, having risen sharply in recent months, squeezing household budgets and contributing to a wave of industrial unrest.
News Iceland Loans: Pause on student loan payments is extended through May 1
The Biden administration on Wednesday extended a student loan moratorium that has allowed millions of Americans to put off debt payments during the pandemic.
News Iceland Loans: Loan rower plucked to safety after dramatic rescue by Thurso lifeboat team
A loan rower was said to be lucky to be alive after a dramatic rescue by the Thurso lifeboat crew which took around nine hours to complete.
News Iceland Loans: £862m credit card splurge in November as consumers shopped early for Christmas
UK consumers added an extra £862m to their credit card bills and put less money away in bank accounts in November, according to new data that adds to evidence of an early pre-Christmas splurge.
