Payday Loans
PPI complaints down, but payday loan gripes soar, says Ombudsman
Complaints about Payment Protection Insurance (PPI) have halved, while those about packaged bank accounts have risen
19 May 2015
Payday lenders must be on comparison sites from next year
Online payday lenders will be forced to publish details of their products on at least one price comparison website
24 February 2015
Wonga escapes police probe over 'fake' lawyer letters
City of London Police says it won't carry out a criminal investigation into Wonga's dodgy debt collection practices
5 February 2015
New payday loan rules come into effect today
Vulnerable borrowers will be better protected from today as new rules to crack down on payday lenders come into force
2 January 2015
Government gives green light to school savings clubs
The Government's announced it will fund £150,000 for a pilot scheme to set up savings clubs in primary schools
31 December 2014
Payday loan broker crackdown revealed
A crackdown on unexpected fees charged by payday loan middlemen has been unveiled by the Financial Conduct Authority
1 December 2014
Wonga keeps 18,000 customers waiting for compensation
Of the 45,000 customers who got fake lawyer letters from payday lender Wonga, 18,000 have yet to get compensation offers
18 November 2014
Church of England proposes school savings clubs
Children as young as four are encouraged to join savings clubs as part of a bid to prevent them relying on payday loans
13 November 2014
Payday loan costs to be capped by watchdog
People taking out payday loans will never have to pay back more than double what they originally borrowed, the FCA says
11 November 2014
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Almost 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. -
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Is it time to ban Christmas presents?
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Update 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...
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