Loans

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FOS issues warning over payday loan broker scams

The Financial Ombudsman Service (FOS) has received over 10,000 complaints since the start of the year about payday loan brokers taking money from consumers' accounts without providing a loan.

Credit Cards & Loans | 19 Aug 2014
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Student debt up 14%

The average estimated student debt has increased 14 per cent from last year and now stands at more than £19,000.

Savings | 14 Aug 2014
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Recession drives students to vocational courses

Three quarters of students who have applied to start university this year plan to study a vocational subject like nursing or engineering, according to research from HSBC.

Savings | 11 Aug 2014
Personal debt levels rising among accountants

Interest rate rises could leave borrowers facing bankruptcy

Even a small interest rate rise could put the record number of people choosing to deal with debt via individual voluntary arrangements back in danger, accountants warn.

Debt Advice | 29 Jul 2014
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FCA to impose price cap on payday lenders

The Financial Conduct Authority (FCA) has proposed restricting the amount borrowers using payday lenders can be charged in interest and fees, in a move which estimates suggest could cost providers £420m in revenues.

Loans | 15 Jul 2014
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Brits confused by early repayment fees

Less than half of Brits know that banks penalise consumers for repaying personal loans ahead of schedule, according to new research.

Loans | 14 Jul 2014
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Product launches of the week

Ocean Finance enters the credit card business; HSBC offers students a £3,000 interest-free overdraft; A raft of providers increase their NISA rates.

ISAs | 04 Jul 2014
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Banks send Wonga-style legal threats to customers

High street banks are using Wonga-style bullying letters to chase customers for payments.

Current Accounts | 04 Jul 2014
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Police to consider further action against Wonga

The City of London Police is to consider further action against payday loan firm Wonga following its misleading legal letters scandal.

Loans | 30 Jun 2014
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Credit cards vs personal loans: Which should you choose?

Whether you are looking for credit to make vital home improvements or pay for a holiday, you will probably have two main options: take out a personal loan or apply for a credit card.

Credit Cards & Loans | 27 Jun 2014
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BLOG: Wonga scandal - Why more regulation isn't the answer

The news of Wonga's questionable practices this week has once again shone a spotlight on the lack of responsible loan options on offer to struggling adults.

Loans | 26 Jun 2014
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Payday borrowers paying the price for lack of competition

A lack of price competition could be adding £5 to £10 to the average cost of a payday loan, according to the industry watchdog.

Credit Cards & Loans | 11 Jun 2014
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One in five consumer credit ads in breach of FCA rules

The Financial Conduct Authority (FCA) has identified over a hundred advertisements for consumer credit products where key information was missing or difficult to find.

Loans | 16 May 2014
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Student loans and grants: What are you entitled to?

Students in England and Wales are being urged to apply for their new loans now or risk being left short at the start of the next academic year.

Credit Cards & Loans | 07 May 2014
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FCA to 'take out' rogue payday loan outfits

The Financial Conduct Authority (FCA) will "take out" payday lenders who do not obey strict operating rules, it has said.

Loans | 01 Apr 2014

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Awards

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The Your Money Awards, recognising excellence in online & direct service provision.