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
22 September 2021
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22 September 2021Almost half (47%) of MoneySavers prefer to contact customer services via phone, a new MoneySavingExpert.com poll has found. However, this varies greatly by age, with most younger respondents (aged 49 and under) preferring to use Live Chat services over phone.
22 September 2021Energy suppliers Avro Energy and Green have become the latest firms to cease trading, affecting more than 800,000 households. If you're with either firm, your energy supply will continue and credit balances are protected. But DON'T switch now – sit tight and wait until your new supplier has contacted you.
'I'm self-employed but confused about whether I can claim the fifth grant' – Unsure? Here's what you need to know22 September 2021100s of self-employed people are confused about what constitutes being “adversely affected” by coronavirus, we have some helpful scenarios to work out where you stand, as well as HMRC’s guidance.
22 September 2021If you're worried about work during the coronavirus crisis, this guide looks at your rights if you're self employed, including what help's there for limited company directors.
22 September 2021The coronavirus outbreak is causing major travel disruption around the globe
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...
16 August 2021
Clever ways to calculate your finances