Loans

Millions of graduates repaying their student loans will pay no interest from this September but not everyone will pay the negative interest rate expected.

Consumers hoping to get their loan or credit card debt wiped off or reduced via the courts by exploiting loopholes in legislation have been warned by a lawyer that they’ve little chance of immediate success.

Hundreds of thousands of graduates could find it harder to obtain a credit card, loan or mortgage if they continually fail to meet student loan repayments.

The body that regulates solicitors has warned that a number of adverts which claim to offer an easy route to getting your credit card or loan debt wiped out could be misleading.

There is a new best-buy personal loan out today for non-homeowners.

Lenders will be banned from selling loan insurance within a week of selling a credit card or loan, it was announced today.