MoneySavingExpert News

Loans

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

Student loan interest rates to rise again for Plan 2 and Postgraduate borrowers from December – what it means for you

Student loan interest rates will rise for many next month. But this WON'T make a difference to your monthly repayments. Here's what you need to know.

10 November 2022