Loans

Sainsbury's Bank has today launched a loan charging a super-low 2.8% representative APR – making it the first sub-3% standard personal loan on the market.

Customers of online toy firm SavviBuy have been left stunned after the retailer failed to deliver their goods on time, then told them to ask their banks for a refund.

Lenders are missing the early warning signs of customers' financial difficulties, meaning they're too slow to offer help and borrowers risk falling further into debt, the financial watchdog has found.

The value of Government-owned student-loan debt to prospective buyers has been cited by Chancellor Philip Hammond as a reason not to reverse a retrospective freeze on the threshold at which graduates begin to repay their loans.

The financial watchdog has raised concerns that debt management companies are not carrying out thorough annual reviews – meaning some customers are not benefiting from repayment plans appropriate to their financial situations.

Labour peers have joined the battle against the retrospective hike in student loan repayments, with the Higher Education and Research Bill going through its second reading in the House of Lords this afternoon.

The average Welsh student could potentially pocket £7,000/year in maintenance grants from September 2018 under plans by the devolved government - with students from higher-income families each receiving a grant of at least £1,000/year.

The Government has been accused of behaving like a payday lender following its latest refusal to reverse its retrospective freeze on the threshold at which graduates begin to repay their student loans.