Loans News

150,000 renters could be evicted from their homes over arrears resulting from the coronavirus crisis, debt charity StepChange has warned, as it calls for urgent help for the UK’s private...

Last year just 27 borrowers took out “marathon mortgages,” with terms of 40 years or longer, new figures released by the Financial Conduct Authority (FCA) reveal.Wealth management firm Quilter looked...

Firms that allow consumers to spread the cost of online purchases across weeks or months will face oversight from the Financial Conduct Authority (FCA), the Treasury has announced, amid concerns that...

The government is considering widening the eligibility criteria for Debt Relief Orders (DROs) amid forecasts that three million more people will need help with problem debt by the end of 2021.The...

Low- and middle-income households are turning to emergency loans to make ends meet during the coronavirus jobs crisis, debt charity Stepchange has warned.The charity’s new report, Tackling the...

Paying your Netflix and Amazon Prime bills on time could soon improve your credit score, under a new Boost service from credit reference agency Experian.The service, which launched yesterday, allows...

More than 500,000 customers of collapsed payday lender Sunny Loans could be owed refunds for mis-sold loans, but they’re likely to receive just a fraction of what they’re owed.Sunny offered loans of...

Barclays is issuing rebates to thousands of customers whose credit card limits were set too high, leaving them at risk of racking up unsustainable debt.The Financial Conduct Authority (FCA) requires...

Britons borrowed more on credit cards, loans and overdrafts last month while saving less, suggesting the coronavirus crisis is tightening its grip on household finances.The recent findings reversed...

Overstretched borrowers are more likely to seek relief from their monthly payments with loan holidays, new analysis has shown.Nearly 18% of those with a 95% loan-to-value (LTV) mortgages have sought...