Payday Loans
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
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
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Morrisons becomes the fourth major retailer to hike meal deal prices this year - here's how it compares
24 May 2022![]()
Morrisons has increased the cost of its meal deal by 50p from £3 to £3.50, making it the fourth major retailer to up prices this year. Here's how it compares. -
NS&I to increase the Premium Bond prize rate to 1.4% - here's all you need to know
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NS&I will increase its Premium Bond prize fund rate, which is equivalent to a yearly interest rate, from 1% to 1.4% from 1 June. The odds of each £1 Premium Bond number winning a prize will also increase from 34,500 to one to 24,500 to one. -
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We've the latest on the testing and self-isolation rules for travellers visiting popular destinations abroad, plus full refund and insurance rights for overseas and UK travel. -
Mis-sold an Amigo loan? Redress could soon be on its way after High Court approves complaints scheme
23 May 2022![]()
A compensation plan put forward by Amigo Loans to return at least £112 million to borrowers it wrongly mis-sold high-interest loans to has today (23 May) been approved by the High Court. The move is a significant win for borrowers and follows a previous proposal that was rejected by the Court. -
Toy subscription service Whirli goes into administration - what it means for refunds and returns
23 May 2022![]()
Children's toy subscription service Whirli has gone into administration. The collapse affects around 10,500 customers. Here's what it means for your refund and return rights.
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Martin Lewis: What I asked the Chancellor to do when I spoke to him on Monday...
26 May 2022![]()
With the announcement of the Government's energy cost of living plans due out at lunchtime. I thought I'd speedily bash out a note down of what (from memory) I'd asked the Chancellor for when we spoke on Monday - and the other general suggestions I've been making. -
Martin Lewis: Got a cash ISA? You should probably ditch it
24 May 2022![]()
Press the rewind button and go way back to April 2015... Possibly on the telly in the corner of your living room, I was on-air at the time urging savers as usual to use their new tax-free cash ISA allowance – because 'money was nicer in an ISA'. But things changed in 2016. -
Martin Lewis: 'UO is just as important as UX: A tip for anyone developing their website or app'
6 May 2022![]()
I set up MoneySavingExpert.com nearly 20 years ago – when arguably the modern web was still in its infancy. With an abundance of self-belief (something I had too much of then, as I realise now) I decided not to read any books, or follow prevailing wisdom on how a site should operate – and just do it my way. -
Martin Lewis: Money and Mental Health charity 2021/22 – Covid & cost of living hell...
26 April 2022![]()
It's hard to believe the Money and Mental Health Policy Institute (MMHPI) charity is now six years old. As the chair of trustees, each year I write the foreword to its annual report – and today the 2021/22 report is out, so I thought I'd blog my formal chair's foreword here.
Clever ways to calculate your finances
