loans

Payday loan disputes soar as complaints about financial services hit a five-year high

Complaints about the financial services industry have hit a five-year high, with grievances about payday lenders surging, according to the Financial Ombudsman Service.

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Payday lender slammed for using Brexit food shortage fears to sell loans

Payday lender Peachy has been admonished by the Advertising Standards Authority (ASA) for using "emotional pressure" relating to Brexit to encourage people to take out a loan. 

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Rent-to-own firms face price cap from April but customers could still be charged double the value of the product

The UK financial watchdog is introducing a price cap on rent-to-own firms to protect vulnerable customers

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

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.

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

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

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'Rent-to-own’ price cap planned - but households could still pay DOUBLE the cost of products in fees and interest

Rent-to-own retailers face a price crackdown after the financial watchdog proposed a cap on this type of high-cost lending. 

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My bank won’t lend me more money because I’m too old

It’s a decade since reader EF’s husband died. He used to sort out all the finances, so she asked her children to help since his death.

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Problem debt costing taxpayers £250 million a year

The growing level of problem debt is costing taxpayers almost a quarter of a billion pounds every year as well as having wider economic consequences, according to the National Audit Office (NAO).

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Households struggle to pay bills as demand for debt help hits five-year high

Demand for help with debt is expected to reach a five-year high as more families struggle to pay household bills, according to National Debtline.

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

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

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