Should you really fly now and pay later? Here’s what you need to know

Some overseas travel appears to be back on the table from next week, with countries including Iceland, Israel and Portugal among those looking likely to be open for quarantine-free trips abroad. And although many Britons may have saved on foreign holidays last year and have more money aside for a luxury getaway, the cost of … Read more

Government Debt Relief Order changes could help thousands more ‘freeze’ what they owe

Thousands of hard-up Britons could benefit from biggest changes to Debt Relief Orders in years… but they still face a £90 upfront fee DROs are aimed at those who struggle to pay any interest-bearing debts   They last for a year and protect borrowers from any enforcement action  However, the eligibility requirements have not been changed … Read more

American Express to cut cashback on its credit cards by as much as 50%

American Express cuts cashback on its market-leading credit cards in half from this week: Should customers head elsewhere? Amex offers fee-free and £25-a-year cashback credit cards paying up to 1.25%   The payouts will be cut back depending on how much is being spent  Those who spend between £5,000 and £10,000 on the free card are … Read more

Personal loan rates on £10,000 hit record lows despite the pandemic

Those looking to borrow to fund home improvements might not be able to take advantage of an interest-free advance from Conservative Party HQ, but they can benefit from a recent fall in loan rates. Despite the ongoing pandemic, banks and other lenders have cut borrowing rates since January, with lower-value of loans of between £5,000 … Read more

The British buy now, pay later firms: AppToPay, Butter and Curve

Swedish checkout credit colossus Klarna is not just Europe’s most valuable start-up at an estimated $31billion, it’s a verb too. Rather than pay for something upfront using their debit card or put a big purchase on a credit card, increasing numbers of shoppers, especially younger ones, instead choose to ‘Klarna’ it. That can mean paying … Read more

Barclaycard under pressure to reverse credit limit cuts for steady customers

Barclaycard customers have called on it to reverse heavy-handed credit card limit cuts hitting cardholders whose financial circumstances have remained steady – or even improved – over the last year. This is Money received a deluge of responses from readers by email and on social media after we reported on the growing backlash against the … Read more

RateSetter hands back £384m to 45,000 investors after Metro Bank takeover

Around 45,000 investors in the now-defunct peer-to-peer lender RateSetter have had their accounts closed and their money returned after it was taken over by Metro Bank last August. Customers began receiving emails from last Tuesday after the High Street lender in February gave investors two months’ notice that it had bought £384million worth of loans … Read more

Amigo Loans scheme to safeguard its survival approved by High Court

Britain’s largest guarantor lender Amigo Loans has been given the green light by the High Court to proceed with a scheme designed to cap the cost of compensation for mis-sold loans. Up to 1million current and past borrowers potentially given unaffordable loans as long ago as 2005 will now have until 12 May to vote … Read more