Loans

If you're a graduate paying off your student loan, you may be due a refund – new figures show 100,000s have been overpaying on their loans.

Debt purchase and collections company Motormile Finance UK has agreed to provide redress to more than 500,000 customers by writing off £414 million of debt and making repayments of £154,000 for historic failings in its due diligence and collections process.

People experiencing money troubles could soon benefit from up to a year's 'breathing space' from the drivers of worsening debt if new legal proposals get the go-ahead.

Payday lender Wonga has double-charged up to 7,000 customers following a technical glitch, leaving some unable to pay their bills – but while the firm will provide refunds and pay costs incurred by those left out of pocket, it won't commit to paying borrowers interest on the money which was wrongly taken.

Parents of students going to university are facing a large hidden hike in the amount they are expected to contribute to support their child's living costs, with some now asked to pay over £5,300 a year, MoneySavingExpert.com analysis reveals.

Payday loan company CFO Lending has agreed to pay more than £34 million of redress to 97,000 customers after it was found to have acted unfairly, the Financial Conduct Authority (FCA) has confirmed.

MoneySavingExpert.com has today launched its brand-new Credit Club – a totally free way to check your credit score, whether you're likely to be accepted for credit in the real world and how to boost your chances.

Charity StepChange received a record number of requests for help with problem debts between January and June this year, it has revealed.

MoneySavingExpert.com founder Martin Lewis has today implored the Government to treat students "as voters and citizens, not just consumers" while giving evidence to the Higher Education and Research Bill Committee.

The falling value of people's earnings since 2007 has left 3.2 million households in "problem debt," spending at least a quarter of their earnings on repayments, while 1.6m of these in the most "extreme" type of debt are losing at least 40% to repayments, a report published today has warned.