MoneySavingExpert News

Loans

MSE to refer Starling bounce back loan complaints to regulator

MoneySavingExpert.com is to ask the financial regulator to investigate after receiving scores of complaints from sole traders who've been rejected for 'bounce back loans' with challenger bank Starling

2 June 2020

Mis-sold Wage Day Advance payday loan customers will get back less than 6% of compensation claims

Compensation will be just 5.68p in every £1 as administrator KPMG says there's no more money available for claims

22 May 2020

Payment freezes confirmed for car finance and high-cost credit customers struggling due to coronavirus

The financial regulator has confirmed a new set of payment freezes for customers struggling due to coronavirus, to be be introduced on Monday

24 April 2020

Payment freezes planned for car finance and high-cost credit customers struggling due to coronavirus

The financial regulator has proposed a new set of payment freezes for customers struggling financially due to Covid-19, on car finance deals, payday loans and buy-now-pay-later agreements

17 April 2020

Credit score builder Loqbox hit by data breach

Some customers of credit history-building tool Loqbox have had personal and financial data compromised after the firm was hit by a "sophisticated and complex" cyber-attack

2 March 2020

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