Provident to limit loan mis-selling payouts for up to four million customers under new redress scheme – what it means for you
Anyone with a current or future guarantor, doorstep or payday loan mis-selling claim against Provident, Glo, Greenwood or Satsuma, some of the sectors' biggest lenders, likely won't now get the full amount they're owed.
4 August 2021
Car finance and high-cost credit payment holidays extended
The financial regulator has confirmed further measures to support borrowers struggling to make payments on car finance deals, buy-now-pay-later agreements and other credit products due to the coronavirus pandemic, with many able to get another three-month payment holiday if needed
15 July 2020
Payday lender Sunny goes into administration
Payday loan provider Sunny has collapsed into administration and will no longer be offering new loans
29 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
Mis-sold Wonga customers to get 4.3% of compensation claims
Those who were mis-sold payday loans from Wonga before it collapsed will receive just 4.3% of the compensation they're owed, according to the firm's administrators
30 January 2020
Steep rise in payday loan claims – but 1,000s are being stung by unnecessary fees
The number of complaints against payday loan firms soared by 130% in the past year, new figures from the the financial watchdog show. But the majority of claimants are using claims management firms, meaning they won't get the full compensation payout if successful.
16 May 2019
Mis-sold customers of Wage Day Advance and Juo Loans won't be given full compensation
Administrators for payday loan providers Wage Day Advance and Juo Loans, which collapsed in February, have admitted that customers who are owed compensation will only receive a "partial payment" for their claims
3 April 2019
Payday lenders told to offer compensation
The financial regulator has written to payday lenders today telling them they must compensate customers who were sold unaffordable loans
15 October 2018
Wonga goes into administration - what it means for you & Martin Lewis's view
Wonga has gone into administration, marking the end of the road for the UK's largest payday loan firm. Below you can read MoneySavingExpert.com founder Martin Lewis's view
31 August 2018
Actor Michael Sheen to take on high cost lenders
Hollywood actor Michael Sheen has launched a new campaign to tackle high cost credit
20 March 2018
13 October 2021
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Martin Lewis: Enough is enough - the Government must include protection against scam ads in its Online Safety Bill18 October 2021The MoneySavingExpert and Money and Mental Health Policy Institute founder warned during an evidence session that some take their own lives after being scammed and more needs to be done to protect them.
Government app to be launched next year, allowing Brits to access free school meals and change their driving licence details in one place18 October 2021The Government has unveiled plans to launch an app that will allow users to access Gov.uk services all in one place. The new app will allow users to look up information and apply for different Government features through one account.
18 October 2021GOTO Energy, which has about 22,000 household customers, has become the latest energy provider to cease trading – meaning a total of 13 suppliers have gone bust in the past six weeks.
18 October 2021The UK consumer watchdog is to take court action against Teletext Holidays and Alpharooms over the travel companies failure to fully refund customers for holidays cancelled during the Covid-19 pandemic.
18 October 2021Shoppers in the UK can now use Klarna to pay for items in full, immediately when shopping online. It's a shake-up to the buy now, pay later service, which until now, only enabled users to delay payments or to split repayments into instalments.
21 September 2021There are more myths and misunderstandings about student finance than any other subject. So in this blog is my updated 2021/22 version of the must knows, with links to far more info.
14 September 2021Update September 2017: It’s eight years since I first braved this subject, expecting a snowstorm of protest. Instead, year after year more join in, like Julia who recently tweeted me, “@MartinSLewis, finally took your advice and told my family I can’t afford Christmas presents. What a weight off my mind. Thank you.” One year even the Archbishop of...
12 October 2021
7 October 2021
Clever ways to calculate your finances