Loans

People in England aged up to 60 who want to study, train or retrain will be able to access flexible student finance to help them do so from 2025, the Government has confirmed today. The new higher education loan scheme, dubbed the 'lifelong loan entitlement', will be worth the equivalent of four years of post-18 education. Here's what we know so far.

Buy now, pay later provider Klarna will start charging borrowers who miss repayments fees of up to £5 from next month. Below we explain how the new fees will work and how to avoid them.

Credit providers SafetyNet and Tappily have collapsed into administration and stopped taking on new customers – but there's no immediate change for existing borrowers. Both former and existing customers can still submit mis-selling complaints, though there's no guarantee you'll get anything back. 

PCF Bank has stopped offering personal savings accounts and loans to new customers, and plans to exit the UK banking market – but there's no immediate change for existing savers or borrowers.

Student loan interest rates will rise for many university leavers next month. But this WON'T make a difference to your monthly repayments. Here's what you need to know.

Customers of collapsed rent-to-own company BrightHouse, who may have been mis-sold high cost loans, will not get any money back after the firm's joint administrators said there wasn't enough cash to refund people. However, those still repaying BrightHouse loans must continue to do so as the debts have now been sold on. 

If you were mis-sold a loan by embattled financial firm Amigo Loans then redress could soon be on its way after the High Court today (23 May) approved a complaints scheme to divide at least £112 million between affected borrowers. 

A tweet suggesting people could save £12,700 a year following the mini-budget has been deleted by HM Treasury after MoneySavingExpert.com (MSE) founder Martin Lewis called the Government's calculations "nonsense".

Iceland has begun offering interest-free loans of up to £100 to those struggling with the cost of living, with the money to be used on your Iceland shop. But - as with any borrowing for everyday living expenses - be careful as you may get stuck in a cycle of debt. 

'Buy now, pay later' (BNPL) firms - and retailers promoting their services - have been warned by the financial regulator not to mislead shoppers in adverts and promotions. Here's what to watch out for and what you need to consider before using a BNPL provider.