Debt help

If you've been rejected from borrowing you may be able to get a one-off interest-free loan from a credit union or alternative lender from September. A new Government-backed pilot scheme is designed to help people struggling to borrow, and will lend anything from £100 to £2,000. You can't apply directly but read on to find out how the scheme works.

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.

People with mental health problems have faced a much bigger hit to their finances during the pandemic than the wider population and are three times more likely to have fallen into serious debt, according to the results of a major national survey published today.

Former and existing HSBC, First Direct, John Lewis Finance and M&S Bank customers have been receiving payments from HSBC Banking Group – which the lenders come under – out of the blue over the past 10 months, and we still haven't really been told why. We've been pushing HSBC for answers and have put questions to the bank from ourselves and a former whistleblower to find out what's going on.

New rules giving those in England and Wales who are struggling with problem debt a two-month grace period to get their finances back under control come into force today, in a huge victory for MoneySavingExpert.com and others who've campaigned hard on the issue.   

Martin Lewis has helped a struggling mum to clear £30,000 in debt with the help of his tips - and if you're struggling with debt, here's how you can cut your costs and do the same. 

Can't afford to clear your debt? You can't afford not to try to move it to 0%, MoneySavingExpert.com founder Martin Lewis writes. You could save £1,000s on credit cards, mortgages, overdrafts, loans, store cards, buy-no-pay-later (BNPL) and more - here's how. 

Four "irresponsible" Instagram posts promoting buy now, pay later service Klarna have been banned by the advertising regulator.

The Government has today agreed to change old laws which force lenders to send intimidating letters to people struggling with debt, in a key campaign victory for the Money and Mental Health Policy Institute charity set up by MoneySavingExpert.com founder Martin Lewis.

New rules which will give people struggling with problem debt a 60-day grace period to get their finances back under control are set to help millions, according to new estimates published by the Government.