Category: Borrowing
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Borrowing
Car finance: Drivers using claims firms could face 36% add-on charge on compensation payouts | Motor finance
Adverts claiming consumers could be entitled to compensation for mis-sold car finance are popping up everywhere. “You could be owed thousands … File your car…
Our divorce ruling may have enabled my ex-husband to trash my credit score | Divorce
When my husband and I divorced, the family court ordered our house should be sold. In the meantime, it ruled my ex was to live…
‘Hopefully, I’ll pay off my Covid debt’: what Britons want for their finances in 2025 | Money
The UK’s economic performance in 2024 was mixed to say the least: while inflation fell below the 2% target in early autumn – and has…
Rachel Reeves denies Labour hindering consumer interests in car loans scandal | Financial sector
The chancellor, Rachel Reeves, has denied that the Labour government is working against consumer interests despite urging the supreme court to avoid handing a “windfall”…
How to choose the best credit card for you | Credit cards
Check your credit history Before applying for a credit card, it is worth checking your credit record. Some providers may charge, but you can check…
Bank of England in no hurry on interest rates – but cuts will come | Bank of England
Bank of England policymakers might be on a “go-slow” as they look forward to interest rate cuts this year, but the direction of travel is…
About £1bn in car loan compensation at risk because data deleted, lawyers warn | Motor finance
Consumers are at risk of losing £1bn of compensation over inflated car loans because high street banks and specialist lenders deleted their data, claims lawyers…
Rules that protect UK homeowners from repossessions may be scrapped | Financial Conduct Authority
The City watchdog is considering scrapping rules meant to protect struggling homeowners from having their homes repossessed, in the latest sign of regulators reacting to…