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Plan 5 student loan explained: What’s changed for students in 2023 intake? The new ‘Plan 5’ changes will affect students starting from August 2023  Some will repay more than double the amount of previous years  Graduates will start paying back their loans at a lower salary By Isabel Jackson Updated: 09:36 BST, 26 August 2023 … Read more

John Lewis has declined tens of thousands of applicants who applied for its new reward credit card. Nearly 600,000 applications have been successfully processed after it moved its provider from HSBC to NewDay. Around 4 per cent have been turned down for it — including some reapplying. This could amount to as many as 25,000 … Read more

Britons turning to credit cards and loans to cope with the cost of living crisis are being hit by higher interest rates, the latest Bank of England figures show.  The latest Bank of England household interest rate figures showed that the cost of borrowing on credit cards and loans continued to rise in June. Average … Read more

Credit card borrowing rose at the fastest pace since 2006 in the year to March, new figures from the Bank of England show.  Borrowing on plastic jumped 10.6 per cent in the last 12 months, as the cost of living squeeze hits millions of households, the data reveals. The annual growth rate for total consumer … Read more

More Britons have borrowed through buy now, pay later services since the start of 2021 than have taken out traditional debts such as bank loans or mortgages,  according to new research. Ten per cent of adults had used BNPL, while 6 per cent had taken out a mortgage, 3 per cent had taken a bank … Read more

Barclays to begin charging to replace debit cards if more than one is lost or damaged in a year but says it won’t charge a victim of fraud or theft  It is the first High Street bank has introduced such a fee From August, the first replacement card will be free but any more will … Read more

Borrowing boom: Biggest monthly rise in credit card debt for 30 YEARS recorded last month in signs households are grappling rising bills Bank of England data shows £1.5bn in new credit card borrowing last month This marked a rise of 9.4% in a year, amid a sharp rise in household bills  Amount put in savings … Read more

Barclaycard has launched two new credit cards giving its customers the opportunity to collect Avios points for every £1 spent. The Barclaycard Avios and Avios Plus cards are available to new and existing customers and come with additional travel perks.  The free version offers new customers 5,000 Avios points when spending £1,000 in the first … Read more

Britons are most likely to use buy now, pay later services to buy fridges and washing machines than they are clothes or a holiday, according to new research.   Research by YouGov suggested that 44 per cent of people in the UK were willing to use BNPL for major household appliances, while over a third said they … Read more

The number of 16-24-year-olds contacting the Financial Ombudsman Service for help with loans, credit cards and debt services has more than doubled in the last five years, figures show. It highlights a sharp rise in the number of young people struggling with loans and credit. Young people seeking help for debt services, including on their … Read more