MSE News

Loans

Student loan interest rates set to drop in September – what you need to know

Student loan interest rates are set to drop in September. Current students from England and Wales will almost certainly see the rate drop from 6.3% to 5.4% - and many former students with outstanding loans will see their rates dip too

17 April 2019

Hurrah! Student loan accounts to be updated weekly

The amount of interest you're paying on your student loan should become clearer, and you should be less likely to overpay, after HMRC and the Student Loans Company started sharing data on a weekly basis.

11 April 2019

Mis-sold customers of Wage Day Advance and Juo Loans won't be given full compensation

Administrators for payday loan providers Wage Day Advance and Juo Loans, which collapsed in February, have admitted that customers who are owed compensation will only receive a "partial payment" for their claims

3 April 2019

Number of Wonga compensation claimants 'four times the figure expected'

The number of people affected could be over 40,000, though initial estimates suggested a figure closer to 10,000

12 March 2019

Study reveals slick tricks payday loan websites use to entice borrowers

New academic research has revealed the tricks of the trade used in the high-cost credit industry

7 March 2019

Cost of buying washing machines, fridges etc via pricey 'rent-to-own' firms to be capped

Vulnerable customers who use rent-to-own firms will not pay more in interest than the cost of the original item from April, as part of new rules announced by the financial regulator today

5 March 2019

Motorists overcharged by £1,000+ for car finance loans

Some car finance customers are paying more than £1,000 extra in interest charges due to certain commission incentives, the Financial Conduct Authority has said

4 March 2019

MPs say 10,000+ Wonga customers have 'fallen through the cracks'

Nicky Morgan MP suggested that the Government could have to intervene to sort out the situation

27 February 2019

Two payday lenders go into administration – what you need to know

Here's what you need to know if you were a customer with either firm

27 February 2019

Martin: Student loan statements are dangerous & misleading – so check out our redesign

MoneySavingExpert.com and the Russell Group of universities are piloting a proposed redesign of the student loan statement and are calling on parents, students, graduates, and those in the higher education sector to test it and give feedback

26 February 2019

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