Why Wonga should pay £34,334,929,158 to everyone it sent false letters to
This week we’ve had the disgusting news that Wonga, in 2008 – 2010, thuggishly sent letters from fake law firms to scare people who’d defaulted into repaying. The FCA has ordered it to pay £2.6m in compensation, which equates to £50 for each customer affected. Sadly, there was no fine, as at the time these acts were...
I predict the first ‘car insurance marketplaces’ will start in September
The Competition and Markets Authority has been investigating the insurance market, and within its 12 June proposals – likely to be enacted in September – is a seemingly innocuous clause that could signal a huge change to how people find cheap car and home insurance. It could also signal the death knell for some car insurance cashback....
Dear Chancellor – stop fighting the regulator, or make it stop fighting you!
My suspicion is there’s internecine warfare going on right now between the Government and the regulators. If true, it’s damaging for Britain and makes me wish I could bang their heads together. On the one hand, the Chancellor and the Government are proposing a raft of ideas to liberalise the financial services market and attempting to stimulate...
3 December 2024
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Martin: The truth about credit scores
What you should know
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Cheap Compare+ Home Insurance
New tool (beta version)
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12 must-know consumer rights
So you can shop wisely
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Top 5.18% easy-access savings
Full info and options
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50p photo card delivered
Cheaper than a stamp!
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How much do Xmas lights cost to run?
Energy mythbusting
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'Free' £2 crisps
Via cashback
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Recent Blogs
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Martin Lewis: Will energy standing charges be cut?
22 November 2024 -
When will your student loan be written off, cancelled, or paid off?
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It’s a question I’m asked all the time. Many know that current students no longer need to repay their loans 30 years after the April following graduation, yet for those who started university before 2012, there are a variety of options. This information has been a long-term part of my Should I repay my student loan? guide (where... -
Stopcock tips – can you find yours?
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A stopcock is your mains water tap (the off switch). Everyone should know where theirs is, especially at this time of year when pipes can burst due to frost. If you don’t know where yours is, your house could be flooded with water everywhere, while you have no idea how to stop it. -
Martin Lewis on pension credit: What over-66s need to know
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Nearly a million pensioners are missing out on pension credit, a vital benefit worth £1,000s a year for many, which tops up your income.
