Loans

Britain's biggest payday lender QuickQuid has shut its doors, leaving customers facing uncertainty and a large number of compensation claims up in the air.

Peer-to-peer lender Funding Secure has gone into administration with CG Recovery Ltd appointed as administrator – here's what you need to know.

Peer-to-peer lender Zopa has launched a new free credit-scoring tool which it says will help "demystify" lenders' decisions. But if you're thinking of taking out a loan, always do your own research to make sure you get the best rate. 

Motorists are predicted to save about £165 million a year under new proposals from the financial regulator to ban dealers from taking commission linked to the interest rate on car financing.

The financial regulator has sent a seven-page letter to peer-to-peer lending firms warning them the industry must clean up poor practices or face a "strong and rapid" crackdown.

A MoneySaver from Cheshire has claimed back over £4,000 using MoneySavingExpert.com's payday loan reclaiming tool after having her borrowing extended several times without additional checks on whether she could afford it – and she's hoping to get more cash back from other lenders.

Student loan repayment thresholds for most borrowers will rise by hundreds of pounds next April.

Firms which offer 'buy now, pay later' deals won't be able to charge backdated interest on money that's already been repaid, under new rules the financial regulator says will come into effect from November. 

Student loan interest rates are set to drop in September. Current students from England and Wales will almost certainly see the rate drop from 6.3% to 5.4% – and many former students with outstanding loans will see their rates dip too.

The amount of interest you're paying on your student loan should become clearer, and you should be less likely to overpay, as HM Revenue & Customs and the Student Loans Company have started sharing data on a weekly basis.