To be charged for a student loan or not to be charged, that is the question

Hamlet’s soliloquy is one I studied during my A-levels, while weighing up whether to go on to study for an English literature or a journalism degree.

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Car buyers overcharged by more than £1,000 for loans warns financial watchdog

Monday, 04 March 2019 | News

The UK financial watchdog has warned that car buyers are being overcharged by more than £1,000 when they take out a loan because of excessively high commission payments.

Warning for borrowers as average loan rates much higher than advertised 'teaser rates' could cost hundreds of pounds

Wednesday, 06 February 2019 | News

Borrowers are paying hundreds of pounds extra in loan repayments because they are not getting the advertised rate, new research reveals.

Exclusive: Wonga complaints rise by 3,000% in four years

Friday, 31 August 2018 | News

Exclusive figures obtained by Moneywise reveal that complaints handler Resolver saw a 3,378% increase in Wonga cases between 2014 and 2018.

My Community Bank Wales collapse triggers £500,000 payout

Friday, 31 August 2018 | News

The Financial Services Compensation Scheme (FSCS) has stepped in to repay members of My Community Bank Wales after the credit union fell into administration.

Wonga collapses into administration

Thursday, 30 August 2018 | News

Payday lender Wonga has announced plans to file for administration.

Wonga stops new loans & edges towards collapse

Thursday, 30 August 2018 | News

Payday lender Wonga has announced it is no longer taking new loan applications, as speculation mounts over the company’s future.

Eight in 10 drivers miss out on the best car finance deal

Tuesday, 24 July 2018 | News

Less than a fifth (18%) of drivers shop around to find the best deal when purchasing their car on finance, research by AA Cars shows.

Graduates overpay student loans by almost £600 a year

Monday, 09 July 2018 | News

Students are still overpaying their student loans, by £582 on average, as the government works to rectify issue.

'Confusing and misleading' personal loan APRs cost consumers £204 million every year

Thursday, 07 June 2018 | News

Borrowers are being misled by teaser headline rates on personal loans, putting their financial wellbeing in jeopardy.

Complaints about consumer credit rise by 40%

Wednesday, 30 May 2018 | News

Consumers continue to voice more complaints about credit products and services, with the number of complaints rising 40% year-on-year according to arbitration body the Financial Ombudsman Service.