MoneySavingExpert News

Borrowing

Over 30,000 247MoneyBox borrowers to receive redress for mis-sold loans this week – but they’ll get back less than 10% of what they’re owed

Over 30,000 247MoneyBox borrowers, who were mis-sold payday loans they couldn't afford, are to receive refunds of some of the interest and fees they were charged by this Friday (15 April). But they'll get back less than 10% of what they are owed.

14 April 2022

Bank of England base rate jumps to 0.5% – what the rise means for you

The rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

15 February 2022

Martin's debt costs masterclass: Can't afford to clear your debt? You can't afford not to move it to up to 35mths at 0% saving £1,000s

So as it's January, we're in a cost of living crunch, and New Year debt bills are being received by millions, it's time for my annual interest-cutting masterclass.

18 January 2022

Five major events set to impact your personal finances in 2022 - and what to do about them

From the reintroduction of costly European roaming charges to new rules around car and home insurance - here's a quick breakdown of five key events and changes that are set to impact your finances in early 2022 and, more importantly, what to do about them.

6 January 2022

Zopa to close ALL investor accounts - what this means for you

Zopa has this week closed all of its 60,000 existing investor accounts. If you're an investor, you'll be able to access your money by 31 January 2022 at the latest. If you're a borrower, nothing is changing and you should carry on with your repayments as normal.

8 December 2021

How to borrow at 0%, ie, no cost (or as close to it as possible) – Martin Lewis's cards, loans, buy-now pay-later and overdrafts masterclass

Borrowing is dirt cheap right now, with the cheapest ever loan rates, the longest 0% spending card we've seen since mid 2020, and many more best buys.

30 November 2021

Beware using Klarna's new 'pay now' service – you will lose vital Section 75 protection

Shoppers in the UK who use Klarna's new 'pay now' function will lose vital consumer protection that they'd get if they simply paid using a credit card instead.

18 October 2021

Sainsbury's Bank stops accepting ALL self-employed people for credit cards and loans

Sainsbury's Bank has brought in strict new lending restrictions which mean it is no longer issuing new credit cards or loans to anyone who's self-employed

31 July 2020

Plans for six-week 'breathing space' from serious debt problems announced

People struggling with serious debt could be given up to six-week's grace

24 October 2017

Remortgaging? Tesco Bank has launched a market-leading 1.68% five-year fix

Tesco Bank has launched the new lowest five-year fixed rate mortgage deal – at 1.68% with a £995 fee if you borrow 60%

6 June 2017