Loans News

The Financial Conduct Authority (FCA) is conducting “exploratory works” into the later life lending market, amid concerns older borrowers are being pushed toward lifetime mortgages and other equity...

Payday lender PiggyBank has collapsed into administration, as the short term credit market continues to be roiled by stricter enforcement from the Financial Conduct Authority.The City watchdog forced...

Household wealth in the UK has risen to almost £15 trillion, but household debt is also on the rise, according to the Office for National Statistics (ONS). Recent figures from the ONS revealed that UK...

More Britons are becoming insolvent than at any time since the years immediately following the financial crash. 30,879 people became insolvent between July and September this year, a 23% increase from...

The UK’s coastal towns dominate the list of areas with the highest levels of personal debt, according to new figures. Recent research from accountancy group UHY Hacker Young has revealed the towns and...

The Financial Services Ombudsman has received around 2,000 complaints from people who claim they were mis-sold loans to install solar panel systems that didn’t deliver the promised returns. Many...

The government is sitting on more than £28 million worth of student loan overpayments that are yet to be refunded, according to research. Data from the Student Loans Company has revealed that over...

Hundreds of former holders of mortgages from Virgin One will receive refunds—some of them totalling thousands of pounds—after an investigation found they received confusing information about their...

The Financial Conduct Authority (FCA) has urged the government to loosen regulation on credit unions so they can be an alternative to payday lenders for vulnerable consumers. The financial regulator...

People struggling with serious debt are to be given 60 days of ‘breathing space’ under new plans announced by the government. Under the proposed scheme, which will start in 2021 if approved by...