Loans

The City of London Police has today said it will not carry out a criminal investigation into Wonga's debt collection practices after it was revealed last year that the payday lender used letters from bogus law firms to pressure customers into paying debts.

Update: 9.30am, 5 February 2015: Tesco Bank has this morning said that all customers can now see their accounts online as normal. But let us know if you're still suffering via the forum link below.

Vulnerable borrowers will be better protected from spiralling costs as new rules to crack down on payday lenders and brokers come into force today.

Some customers of the bank have received a post-Christmas surprise worth thousands of pounds after it started paying out compensation over a mistake it made in the information included in annual statements.

The Government has announced it will fund a pilot scheme to set up savings clubs in primary schools in a bid to help prevent children racking up debts later on in life.

Many customers of Erudio – the firm which manages some pre-1998 mortgage style student loans – have been left baffled over the last few days after receiving debt demands with old dates on them.

More than 40,000 borrowers are in line to receive thousands of pounds in compensation following a High Court ruling over the wording of documents sent out by failed lender Northern Rock.

Postgraduate students aged under 30 will for the first time be able to apply for a student loan of up to £10,000 per course from 2016-17.

A crackdown on unexpected fees charged by payday loan middlemen has been unveiled by the industry watchdog.