Loans News

Digital bank Revolut will soon advance uses money from their pay packets, offering an alternative to credit cards and payday loans.The fintech company’s Payday feature will allow users to unlock up to...

Customers mis-sold loans by subprime lenders Provident, Glo, Greenwood and Satsuma will be limited in the amount of redress they can claim, after the High Court approved a “scheme of arrangement”...

Poor credit scores are discouraging 15.6 million Brits from buying homes, getting married and changing careers, according to new research.A survey commissioned by fintech firm Tymit reveals that...

Following the coronavirus crisis and extended lockdowns, one in twenty households (6%) now struggle with unmanageable debt, according to a survey from Debt Movement.The debt solutions company and...

The high court has refused to approve a controversial plan to limit compensation owed to customers sold unaffordable loans by Amigo, leaving the guarantor lender at risk of collapse.Mr Justice Miles...

In a U-turn, the City regulator has announced that it will oppose in court guarantor lender Amigo’s rescue plan, which would limit compensation payouts to borrowers mis-sold high-cost loans.Amigo...

A new debt respite scheme, giving people struggling with problem debt two months to get their finances back on track, launched today.Under the Breathing Space scheme, people in serious debt will be...

A coalition of charities have issued a warning over the increased use of buy-now-pay-later (BNPL) services to purchase goods.Citizens Advice, a network of various groups, said that many people were...

Barclaycard has defended a decision to slash customers' credit limits by as much as 99%, saying it is responding to the impact of the coronavirus crisis on consumer finances and to worries...

Lower average credit scores mean women pay more than men to borrow money, adding thousands of pounds to the costs of mortgages and credit cards over their lifetimes.Credit Karma, which provides free...