MSE News

Loans

Payday lender 247Moneybox collapses

Payday loans provider 247Moneybox has collapsed into administration and will no longer be offering loans

2 December 2019

Payday lender QuickQuid goes into administration – what you need to know

Britain's biggest payday lender has said it will pull out of the UK after a series of complaints and regulatory uncertainty rocked the business

26 October 2019

Peer-to-peer lender Funding Secure goes into administration – what you need to know

Peer-to-peer lender Funding Secure has gone into administration – here's what you need to know

24 October 2019

Zopa launches new credit-scoring tool

Peer-to-peer lender Zopa has launched a new free credit-scoring tool

16 October 2019

Clampdown on car finance commission 'to save drivers £165m'

Motorists are predicted to save around £165 million a year under new proposals from the financial regulator to ban dealers from taking commission linked to the interest rate on car financing

15 October 2019

Peer-to-peer lenders told to clean up poor practices or face crackdown

The financial regulator has sent a seven-page letter to peer-to-peer lending firms warning them the industry must clean up poor practices or face a "strong and rapid" crackdown

27 September 2019

'I reclaimed over £4,000 for mis-sold payday loans using MSE's tool'

A MoneySaver from Cheshire has claimed back over £4,000 using MoneySavingExpert.com's payday loan reclaiming tool after having her borrowing extended several times without additional checks on whether she could afford it - and she's hoping to get more cash back from other lenders

22 August 2019

Student loan repayment thresholds to rise from next April – what you need to know

Student loan repayment thresholds for most borrowers will rise by hundreds of pounds next April

8 August 2019

'Buy now, pay later' firms banned from backdating interest on money you've already repaid

Firms which offer 'buy now, pay later' deals won't be able to charge backdated interest on money that's already been repaid, under new rules the financial regulator says will come into effect from November

12 June 2019

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

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