Consumer Credit Act

Zilch Launches Pay over 3 months interest-free regulated product

Retrieved on: 
Thursday, February 22, 2024

The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share.

Key Points: 
  • The new ‘Pay over 3 months’ product will provide more flexibility to customers and drive up Zilch’s market-leading wallet share.
  • View the full release here: https://www.businesswire.com/news/home/20240222797743/en/
    Zilch Launches Pay over 3 months interest-free regulated product (Graphic: Business Wire)
    The new ‘Pay over 3 months’ product has already been made available to around 100,000 Zilch customers in a trial.
  • The launch will provide Zilch customers with even greater choice when paying, enabling them to go in app and seamlessly choose between ‘Pay over 3 months’, the shorter-tenor ‘Pay over 6 Weeks’ or, for day-to-day purchases, Zilch’s reward-earning ‘Pay Now’ debit product where they earn up to 5%.
  • When opting to ‘Pay over 3 months’, Zilch customers will pay 25% up-front and spread the remaining purchase price over three instalments, just like they currently do when making interest-free credit repayments over six weeks.

How to get help or your money back after travel disruptions – experts explain

Retrieved on: 
Tuesday, August 29, 2023

Passenger numbers were up 30% in the northern hemisphere in June 2023, versus the previous year.

Key Points: 
  • Passenger numbers were up 30% in the northern hemisphere in June 2023, versus the previous year.
  • Air travellers caught up in these events are legally entitled to care and assistance from airlines under UK law post-Brexit.
  • But our research shows that people are often unsure or completely unaware of their rights when travel is disrupted.
  • At present the regulator is unable to directly and independently fine an airline, it must bring a court action.

Uncertainty about legal rights of air passengers

    • But the mass cancellation of flights during the COVID pandemic and the failure of many airlines to refund some passengers really brought the problem to the wider public’s attention.
    • We have researched passenger experiences of flight cancellations during the pandemic, as well as the level of awareness among air passengers of both their legal rights and routes to redress.
    • These problems are even more acute for passengers who have booked through an online travel agent rather than directly with the airline.

How to get redress for travel disruption

    • If you don’t get a response, or are unsatisfied with the response, there are other options.
    • Further, not all airlines are members of the schemes and ADR decisions are not binding.
    • Alternatively, you could bring a court action against an airline, although this can be tricky if the airline is based abroad.
    • This allows you to make a claim to the bank or provider of the credit card you used to pay for your flights.

What about the airline regulator?

    • This pits the weaker consumer against the powerful interests and deeper pockets of the airlines.
    • The Department for Transport proposed reforms in January 2022, but the UK government has yet to act.

Praetorian Legal: Landmark Court Verdict Opens Door for a “Forgotten Generation” of Timeshare Victims to Recover Life-changing Sums

Retrieved on: 
Tuesday, May 30, 2023

He urges thousands more victims who have not come forward so far to do so.

Key Points: 
  • He urges thousands more victims who have not come forward so far to do so.
  • Victims typically took out loans of tens or hundreds of thousands of pounds to fund their purchase of these long-term schemes.
  • They funded and benefited from unscrupulous timeshare companies preying on families with high-pressure sales tactics and false investment promises.
  • A claims management company authorised by the Financial Conduct Authority, Praetorian Legal have managed these processes on behalf of thousands of victims.

Malaysia Buy Now Pay Later Business Report 2022: BNPL Providers are Targeting Different Industries to Drive Adoption of their Services and Transaction Volume - ResearchAndMarkets.com

Retrieved on: 
Monday, December 12, 2022

BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 35.4% during 2022-2028.

Key Points: 
  • BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 35.4% during 2022-2028.
  • The BNPL Gross Merchandise Value in the country will increase from US$625.3 million in 2021 to reach US$6,884.7 million by 2028.
  • During the global pandemic outbreak, BNPL providers aggressively partnered with e-commerce marketplaces to drive their adoption among consumers globally.
  • While BNPL firms continue to partner with e-commerce platforms, they also target other industries to drive their transaction volume in Malaysia.

Saudi Arabia Buy Now Pay Later Markets and Investment Opportunities Report 2022: BNPL Payments Are Expected to Grow by 81.2% to Reach $636.7 Million in 2022 - Forecast to 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, February 4, 2022

BNPL payments in Saudi Arabia are expected to grow by 81.2% on annual basis to reach US$ 636.7 million in 2022.

Key Points: 
  • BNPL payments in Saudi Arabia are expected to grow by 81.2% on annual basis to reach US$ 636.7 million in 2022.
  • The BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 42.4% during 2022-2028.
  • The BNPL Gross Merchandise Value in the country will increase from US$ 351.3 million in 2021 to reach US$ 5299.3 million by 2028.
  • Buy Now Pay Later Revenues, 2019 - 2028
    Buy Now Pay Later Merchant Commission, 2019 - 2028
    Buy Now Pay Later Missed Payment Fee Revenue, 2019 - 2028
    Buy Now Pay Later Pay Now & Other Income, 2019 - 2028
    Buy Now Pay Later Accounts, 2019 - 2028
    Buy Now Pay Later Bad Debt, 2019 - 2028