Loans
Revealed: 700,000+ overpaid a combined £100m+ on student loans last year - how to reclaim
A huge number of graduates and other student loan borrowers repaid over £100m more than they needed to last year, new figures obtained by MoneySavingExpert.com reveal. The vast majority of this cash hasn't been claimed back - but the good news is, if you've overpaid, it's easy to reclaim
20 October 2020
Student Loans Company's new 'quick repayment' tool is dangerous and irresponsible, says Martin Lewis
MoneySavingExpert.com is today slamming "irresponsible and dangerous" changes made by the Student Loans Company to its website, which fly in the face of evidence and recommendations presented to both it and the Government
10 August 2020
High-cost credit firms rapped for suggesting customers borrow more to fund 'exotic' holidays
Some high-cost credit firms are allowing repeated borrowing which puts consumers at risk of building up high levels of debt, and using marketing messages that suggest customers can borrow extra money in order to fund exotic holidays, a review by the financial regulator has found
6 August 2020
Regulator to ban interest rate-linked car finance commission
The financial regulator has announced it will ban commission models that give car finance dealers an incentive to raise customers’ costs from next year
28 July 2020
Car finance and high-cost credit payment holidays extended
The financial regulator has confirmed further measures to support borrowers struggling to make payments on car finance deals, buy-now-pay-later agreements and other credit products due to the coronavirus pandemic, with many able to get another three-month payment holiday if needed
15 July 2020
Tide halts bounce back loan lending, leaving 10,000s stuck on its waiting list
Business banking fintech firm Tide has stopped offering bounce back loans and has closed its waiting list to new borrowers after failing to secure funding to support its lending
8 July 2020
Car finance and high-cost credit payment holidays set to be extended
The financial regulator has proposed further measures to support borrowers struggling to make payments on car finance deals, buy-now-pay-later agreements and other credit products due to the coronavirus pandemic, with many set to be offered another three-month payment holiday if needed
3 July 2020
Bounce Back Loan MSE Survey results: HSBC & Tide worst service + new customers & sole traders struggle + delays common
Substantial numbers of bounce back loan applicants suffer delays, rejections and credit checks, a MoneySavingExpert.com survey of more than 5,000 small business applicants has found
30 June 2020
Payday lender Sunny goes into administration
Payday loan provider Sunny has collapsed into administration and will no longer be offering new loans
29 June 2020
MSE to refer Starling bounce back loan complaints to regulator
MoneySavingExpert.com is to ask the financial regulator to investigate after receiving scores of complaints from sole traders who've been rejected for 'bounce back loans' with challenger bank Starling
2 June 2020
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Revealed: 700,000+ overpaid a combined £100m+ on student loans last year - how to reclaim
20 October 2020
A huge number of graduates and other student loan borrowers repaid over £100m more than they needed to last year, new figures obtained by MoneySavingExpert.com reveal. The vast majority of this cash hasn't been claimed back - but the good news is, if you've overpaid, it's easy to reclaim -
Green Homes Grant 'a flop' with as few as 1 in 6 homeowners who apply able to find installers
20 October 2020
A large proportion of homeowners trying to take advantage of the Government's new Green Homes Grant scheme are unable to find suppliers to carry out the work, according to a new snapshot poll from MoneySavingExpert.com founder Martin Lewis which lays bare some of the problems with the new scheme -
Monzo launches packaged account with £15/mth fee – but is it worth it?
20 October 2020
It comes with travel and mobile insurance, as well as interest and budgeting features -
Government extends energy price cap until end of 2021 – but most can save £100s more by switching
20 October 2020
Some 11 million households on standard tariffs are covered by the price cap, currently £1,042/yr for a typical gas and elec household -
Apple launches iPhone 12, 12 Mini, 12 Pro and 12 Pro Max – how to find the cheapest deals
20 October 2020
The tech giant has unveiled its new premium handset range, while cutting the price of the now-older iPhone 11, SE and XR
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Martin Lewis: Payment holidays coming to an end – but should you take one? Mortgages, credit cards, loans, payday loans, car finance and more
20 October 2020
Within the last week, we've seen the extension of coronavirus credit card, personal loan and overdraft help to 31 October 2020, with mortgage payment holidays already extended. The regulator's other help schemes are also likely to be extended too, including car finance and payday loans, yet should you do it? -
Is it time to ban Christmas presents?
14 September 2020
Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of... -
Martin Lewis: I confess, I did a 'decoy effect' experiment on my Twitter and Facebook followers… and it may be why they're buying more Jaffa Cakes
7 September 2020
Behavioural economics is a powerful science. Some retailers are undoubtedly using it to make us pay more to get less. One element is the 'decoy effect' – where a higher-priced item is sold, to make items next to it look like bargains. So I wanted to do a little experiment to test it
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