Martin Lewis has found 100,000 people with students loans who have been placed on the wrong sort of student loan repayment plan in this article.
The Illegal Money Lending Team have released their Winter Newsletter with some very interesting articles, including an app for Android and iOS to make reporting loan shark activity a piece of cake and to provide support and advice for those in problems. It’s a really good read!
It’s the festive season, the time of year when money melts away as fast as chocolate coins. When money is stretched to the limit or beyond, it might seem like a good idea to accept a loan from that friend at the shop or at work. Borrowing like this can become complicated or even dangerous […]
As a result of the much-increased workload at Christmas and to help protect our staff and members from Coronavirus infections, we are making changes to the way in which pay Loan Advances in the future. We will only pay Loan Advances by Bank Transfer to an account of your choice or as a transfer to […]
Read this story about Amigo Loans where the cost of complaints has soared recently and revenue has dropped. The FCA have become involved in clearing the complaints backlog.
The government, financial regulator and some of the UK’s biggest banks have announced a range of measures to help customers who face financial difficulties if they’re affected by the coronavirus pandemic. See the full story here.
We’ve introduced a new loan, a Family Budgeting Loan and it’s for families that receive Child Benefit. It’s open to both new and existing members who want to use their Child Benefit payments to repay a loan taken out to help with the family budget. For full details of this new and exciting offering, see this page.
Read this article about how Lloyds Bank is demanding repayment of a loan from NHS worker.
Student loans have moved to gov.uk and introduced a new repayment option which Martin Lewis brands as ‘damaging and dangerous’ in this article.
Professor Peter Shears from Plymouth Law School, writing for the Plymouth Herald, warns against getting involved with Loan Sharks and recommends City of Plymouth Credit Union, alongside Citizens Advice, as the “go to” organisation for help.