MoneySavingExpert News

Loans

Almost 80,000 QuickQuid borrowers will get back just over half of what they're owed for mis-sold loans

Around 78,500 QuickQuid and Pounds to Pocket borrowers, who were mis-sold loans they couldn't afford, will receive refunds of some of the interest and fees they were charged at a rate of 53.5p to every pound owed, it's been confirmed. Pay outs are expected to be sent within the next two weeks.

26 April 2022

Over 30,000 247MoneyBox borrowers to receive redress for mis-sold loans this week – but they’ll get back less than 10% of what they’re owed

Over 30,000 247MoneyBox borrowers, who were mis-sold payday loans they couldn't afford, are to receive refunds of some of the interest and fees they were charged by this Friday (15 April). But they'll get back less than 10% of what they are owed.

14 April 2022

Student loan interest rates could rise to 12% for some this September

Student loan interest rates are set to rise for many from September – though the changes are yet to be finalised by the Government.

13 April 2022

Provident confirms payouts for borrowers – but they'll get back less than 10% of what they're owed

Provident borrowers who were mis-sold loans they couldn't afford will receive refunds of some of the interest and fees they were charged this July, it's been confirmed. But they'll get back less than 10% of what they're owed.

13 April 2022

Martin Lewis: 'This is a big increase to the cost of uni' – Government makes sweeping reforms to the student loan system in England

Changes include lowering the repayment threshold to £25,000 a year and increasing the length of time over which graduates repay their loans by 10 years.

24 February 2022

Plan 2 students to pay £4,500 more as Government freezes repayment threshold until 2025

Students on Plan 2 repayment schemes will pay back thousands more of their loan, after the Government announced the threshold will remain frozen until 2025.

24 February 2022

Provident to wipe loans for tens of thousands of borrowers - what it means for you

Tens of thousands of borrowers with high interest loans are set to see their remaining debts cleared as doorstep lender Provident and short-term lender Satsuma officially shut shop and stop collecting payments.

15 February 2022

Buy now, pay later shoppers could be due a refund if they were charged a late payment fee, under new FCA proposals

Shoppers using certain buy now, pay later services may be due refunds after wrongly being charged late payment fees.

14 February 2022

Martin Lewis: Watch out for 'hidden' rise in student loan costs

Students and those who started university in and following 2012 should watch out for 'hidden' student loan costs. That's the warning from MoneySavingExpert.com (MSE) founder Martin Lewis on his The Martin Lewis Money Show this week, as he puts the rise to the Chancellor.

14 February 2022

Going to uni next year? Join the student finance mailing list so you know when it's time to apply for funds

Students in England can now sign up to the Student Finance England mailing list and get an email when applications for the 2022/23 academic year open.

31 December 2021