Payday Loans
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
Four in 10 workers have had no pay rise in the last year, poll of MSE users finds
Forty-one per cent of those in work have not had a pay rise in the past year, according to a new poll of MSE users
15 November 2017
Guest Comment: FCA on why “fundamental changes to unregulated overdrafts may be necessary”
The FCA's Chris Woolard sets out what the FCA has learned in its review of high-cost credit and where it will focus next
31 July 2017
Unarranged overdraft fees could be overhauled as FCA announces payday loan cap will remain
The price cap, which means people will never have to pay more than double what they originally borrowed, will remain
31 July 2017
Regulator denies payday loan cap will be lifted
The FCA has branded a claim that it will be relaxing the price cap on payday loans as
14 June 2017
Payday loan complaints to Ombudsman triple in a year
The Financial Ombudsman Service has found that complaints about payday lenders have tripled in 12 months
13 June 2017
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100+Mb b'band & line '£19/mth'We've never seen cheaper
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Warning. Booking a hol?Get travel insurance ASAB
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'Secret' shoe outletsEg, £21 Puma trainers
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Top easy-access savings - 1.35%Rates are dropping like flies
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Mortgage prisoner?Legal action launches
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13 charity shop bargain tipsIncl nabbing designer clobber
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'I fostered a cat for free'You can do it with dogs etc too
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Major lenders show 'little interest' in helping mortgage prisoners switch
20 January 2020
Major mortgage lenders have shown "little desire" to help homeowners trapped on high interest rates by relaxing affordability rules, the financial watchdog has said -
Schools and colleges across England to start offering free sanitary products
20 January 2020
Free period products have been made available to all state schools and colleges in England from today -
'My hamster ate my post': HMRC reveals most bizarre tax return excuses as deadline looms
17 January 2020
HM Revenue & Customs has released the most "weird and wonderful" excuses it's received from taxpayers who have failed to get their self-assessment tax return in on time – with bizarre explanations such as 'I was up a mountain in Wales' -
Nationwide double-charges hundreds of customers for credit card repayments
16 January 2020
Hundreds of Nationwide customers have had their monthly credit card repayment taken twice, with one family overcharged by up to £2,500, MoneySavingExpert.com can reveal
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Martin Lewis VIDEO: Should you pay off your Plan 1 student loan?
7 January 2020
If you started university between 1998 and 2012, or since then in Scotland and Northern Ireland, you'll have a Plan 1 student loan. While much is written about whether those with savings should overpay the current English Plan 2 student loans, there's little out there about Plan 1. I wanted to change that, so here's a video explaining how to decide... -
How much the Govt expects you to give your children for university
16 December 2019
Update Note 25 May 2017: The ready reckoners below have been updated with the new 2017/2018 living loan amounts. Also since first writing this blog, and seeing the strength of feeling it attracted, I have written an open letter to the Uni Minister asking him to start telling people about this. Yet sadly received his no we won’t...
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