Loans News

The Financial Conduct Authority (FCA) has said lenders should consider a range of support mechanisms, including waiving or reducing payments, for struggling homeowners once mortgage payment holidays...

Britons took advantage of lockdown to pay off nearly £2,000 of debt, including credit cards and personal loans, data from Experian has revealed.The credit reference agency found that subscribers to...

The Financial Conduct Authority (FCA) has called out high-cost lenders for driving vulnerable borrows into further debt by using exploitative marketing methods.The warnings from the UK‘s financial...

Barclaycard has apologised for setting some customer’s credit limits too high and is inviting customers who have been negatively impacted to get in contact.Credit cards like Barclaycard come with a...

A third (34%) of Brits have turned to overdrafts, credit cards, payday loans and “buy now pay later” (BNPL) schemes to pay for essentials, according to a new report from OpenMoney.The financial...

Short-term, high-cost lender Sunny Loans has joined the list of casualties from the subprime lending sector, as administrators were appointed this week.Elevate Credit International Limited (ECIL), a...

Guarantor loan specialist Amigo warned that it is struggling to handle a surge of customer complaints and will miss a deadline agreed with the Financial Conduct Authority to clear a backlog of overdue...

British households are accumulating a collective £6 billion in debt due to COVID-19, as they fall behind on utility bills, credit card payments and council tax.Debt advice charity StepChange is...

The Financial Conduct Authority (FCA) has launched an investigation into Amigo over concerns that the subprime lender’s affordability checks don’t comply with regulations.Amigo disclosed Monday that...

Customers mis-sold loans by failed payday lender Wage Day Advance will receive just 5.68p for every £1 they’re owed in compensation, administrator KPMG has announced.Customers took to social media to...