HAVE you heard about the car finance scandal? For nearly 20 years, drivers with PCP and HP agreements were being charged higher interest rates, potentially costing them thousands of pounds. 1 The scandal has affected millionsCredit: getty The missold car finance scandal could cause one of the largest compensation payouts in UK banking history. An
People who use online banking have been warned to “never” do five things by consumer champion platform Which?. Its expert said in a new social media post on Tuesday that there are “five golden rules to remember when using online banking”. In a video, she began: “Never do your online banking with a mobile or
PAYING a mortgage off early might seem like a pipe dream for most people. It’s typically the largest debt you’ll ever have, taking decades to pay off. 2 Pay your mortgage off early on an average wageCredit: Alamy But it is possible to make that dream a reality, even on an average wage. Monthly mortgage
THE average two-year fixed mortgage rate has dropped below the average five-year fixed rate for the first time since Liz Truss’ mini-Budget. The average two-year fixed rate for those with a 40% deposit is now 4.18%, while the average five-year fixed mortgage rate for those with a 40% deposit is 4.19%, according to data firm
MILLIONS of borrowers could be set to receive thousands of pounds in compensation due to the car finance mis-selling scandal. The Financial Conduct Authority (FCA) launched an investigation last year into whether motorists were unknowingly overcharged when they took out car loans. 1 The investigation focuses on past practices where banks allowed car dealerships and brokers to set their own interest