Loans

Regulation of the buy now, pay later (BNPL) sector WILL go ahead, the new Government has confirmed. It means consumers will finally get much-needed safeguards on BNPL purchases, as well as protection from unsustainable borrowing – something MoneySavingExpert.com (MSE) and its founder Martin Lewis have long campaigned for. Though we still don't know when any new rules will take force.

If you've got a buy now, pay later (BNPL) loan with Laybuy, you need to continue repaying it as normal – despite the firm falling into administration. Failure to do so could still result in late payment fees and it could also negatively impact your credit score. 

Scottish students are to receive a £2,400 boost to help with their living costs from this September in the form of a new "special support" loan. This will be available on top of a standard maintenance loan and grant. 

Buy now, pay later (BNPL) regulation has not been shelved, Chancellor Jeremy Hunt claimed in an interview with MoneySavingExpert.com founder Martin Lewis this week. However, the Government is being careful not to be too "heavy-handed" in its approach to regulating the industry, Mr Hunt said.

Borrowers with mis-selling claims against Morses Club likely won't now get the full amount they're owed, after the High Court approved a new scheme put forward by the firm to limit payouts and set a time restriction on claims. But don't let that put you off if you think you've been mis-sold, as you could still be due £100s.

MoneySavingExpert.com (MSE) founder Martin Lewis has pleaded with the Government not to be "yankers" and shelve much needed buy now, pay later (BNPL) regulation. His call comes as Citizens Advice, MSE and Which? have teamed up again to urge the Government to protect BNPL users.

All former students with student loans should check if they can reclaim £100 or even £1,000s, MoneySavingExpert.com (MSE) founder Martin Lewis has urged. It comes after an MSE investigation found that over a million people wrongly overpaid their loans last year. Here's what you need to know and how to reclaim.

"Incorrect and likely misleading" information about maintenance loans in England on Gov.uk could lead to a material number of students not getting the full amount they're entitled to. That's why MoneySavingExpert.com founder Martin Lewis has written to the chief executive of the Student Loans Company – the body responsible for the relevant pages – urging it to fix the errors. 

The Bank of England has increased the base rate from 4.25% to 4.5% taking it to its highest level since 2008. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

People in England aged up to 60 who want to study, train or retrain will be able to access flexible student finance to help them do so from 2025, the Government has confirmed today. The new higher education loan scheme, dubbed the 'lifelong loan entitlement', will be worth the equivalent of four years of post-18 education. Here's what we know so far.