MoneySavingExpert News
Loans
Buy now, pay later regulation confirmed by new Government – but timeline remains unclear
Regulation of the buy now, pay later 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.
26 July 2024
Boost for Scottish students as they're to get extra living costs support
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.
7 February 2024
Buy now, pay later regulation 'has NOT been canned', Chancellor tells Martin Lewis – but regulation won't be 'heavy-handed'
Buy now, pay later (BNPL) regulation has not been shelved, Chancellor Jeremy Hunt confirmed 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.
10 January 2024
Morses Club borrower? It's launched a new redress scheme for mis-sold loans – here's what it means for you
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.
7 December 2023
Martin Lewis: 'Dear Government, don't be yankers' – MSE, Citizens Advice and Which? renew calls for buy now, pay later regulation
Citizens Advice, MoneySavingExpert and Which? have teamed up again to renew calls for the Government to urgently protect buy now, pay later users.
20 November 2023
Martin Lewis' warning to former students as MSE reveals over one million people WRONGLY overpaid their student loans last year
Over a million people wrongly overpaid their student loans last year, according to a new MSE investigation.
10 October 2023
Gov.uk giving false and misleading information to students applying for loans and their parents – Martin Lewis calls for urgent correction
It could mean students miss out on £100s or even £1,000s in support they're entitled to.
28 July 2023
'Lifelong loans' to launch in 2025 to help those in England wanting to study, train or retrain later in life
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.
7 March 2023
Klarna to start charging fees if you miss a payment – here's what you need to know
Buy now, pay later provider Klarna will start charging borrowers who miss repayments fees of up to £5 from next month.
27 February 2023
High-cost credit firms SafetyNet and Tappily fall into administration – what it means for you
The firms have stopped taking on new customers – but there's no immediate change for existing borrowers. Here's what you need to know.
11 January 2023
3 December 2024
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The truth about credit scores
Martin's need-knows
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Christmas consumer rights
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When will your student loan be written off, cancelled, or paid off?
5 November 2024It’s a question I’m asked all the time. Many know that current students no longer need to repay their loans 30 years after the April following graduation, yet for those who started university before 2012, there are a variety of options. This information has been a long-term part of my Should I repay my student loan? guide (where... -
Stopcock tips – can you find yours?
15 October 2024A stopcock is your mains water tap (the off switch). Everyone should know where theirs is, especially at this time of year when pipes can burst due to frost. If you don’t know where yours is, your house could be flooded with water everywhere, while you have no idea how to stop it. -
Martin Lewis on pension credit: What over-66s need to know
24 September 2024Nearly a million pensioners are missing out on pension credit, a vital benefit worth £1,000s a year for many, which tops up your income.
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15 minutes of fame – how to boost your chances of getting on and winning TV game shows
7 November 2024We all can shout out the answers on the couch at home, but being in the studio doing it for real is very different. Take it from me – I’ve been on a TV game show recently as well as auditioned for others, and it’s not easy. What is easier than you’d think though, is getting ON...