The Student Loans Company is sitting on more than £18m in overpayments made by graduates and other former students since 2015, two years after its…
View More Student Loans Company holds £18.3m in overpayments made since 2015Tag: Borrowing&debt
Britons pay back most on debt in 27 years as credit card spending slumps
A slump in credit card spending in February dragged down UK consumer credit growth to a 27-year low as the second month of the latest…
View More Britons pay back most on debt in 27 years as credit card spending slumpsDoorstep lender Provident Financial reveals FCA investigation
The doorstep lender Provident Financial has said it could put its consumer credit division into administration unless borrowers agree to a scheme that will sharply…
View More Doorstep lender Provident Financial reveals FCA investigationComplaints about guarantor loans rise by 3,000% in a year
Complaints to the financial ombudsman about a type of high-cost loan where the debt is backed by a relative or friend have leapt by more…
View More Complaints about guarantor loans rise by 3,000% in a yearCDFI: the community spirit that’s saving borrowers from payday loans
Kathryn Smart was struggling to make ends meet at the start of England’s latest lockdown. The 45-year-old usually earns £1,100 a month working at a…
View More CDFI: the community spirit that’s saving borrowers from payday loansCovid fallout has put one in four UK adults at financial risk, says FCA
One in four adults in the UK have been left financially vulnerable as the fallout from Covid-19 drives more people into debt, according to the…
View More Covid fallout has put one in four UK adults at financial risk, says FCAUK households repaid £16bn on credit cards and loans in 2020
British households repaid the most money borrowed on credit cards and loans in 2020 since records began almost three decades ago, as consumers cut back…
View More UK households repaid £16bn on credit cards and loans in 2020Calls for Covid debt relief package as county court judgments soar
County court judgments (CCJs) against struggling borrowers have surged, leaving more vulnerable consumers at risk of being chased for debts as the UK prepares to…
View More Calls for Covid debt relief package as county court judgments soar