Loans News

The Financial Conduct Authority has completed an investigation into payday loan umbrella company CFO Lending and has ordered them to repay almost £35 million to borrowers due to a series of ‘serious...

The Financial Ombudsman has revealed that in the first half of 2016, there were more than three times as many complaints related to payday loans than in the last six months of 2015. In the first six...

National Debtline and the Money Advice Trust have published a survey examining the effects of debt on 18-24 year olds, and found that almost a third are currently lumped with debts that they consider...

According to the latest statistics from the Money Charity, individuals in the UK owed a total of £1.484 trillion by the end of June 2016 - up from £1.444 at the end of the previous June. Broken down,...

As of this week, students beginning university courses will no longer be entitled to apply for means tested maintenance grants, in a move criticised by the NUS. Under the previous system, students...

The latest report from the financial ombudsman shows that over the past year, complaints related to payday loans have nearly tripled, while PPI still topped the list for the most complained about...

Payday loan provider Wonga posted record losses last year after tightening regulations forced them to reform their business practices. Wonga made a pre-tax loss of £80.2 million in 2015, more than...

The latest figures from the Bank of England show that borrowing on loans, credit cards and overdrafts in the UK saw its highest annual jump for a decade in January, going up by 9.1% over the year....

Online peer-to-peer lenders, already championing an alternative finance revolution by offering individuals the ability to borrow without going through larger financial institutions are now taking...

A survey conducted by the Bank of England has shown that towards the end of 2015, individual consumer borrowing levels grew, with the bulk of the increase coming from the issuing of car...