Barclays' rate bungle could cost it £100m

Some 300,000 people who took out personal loans through Barclays are in line for compensation worth hundreds of pounds after the bank admitted it had made mistakes on their paperwork.

Money Insider: Steer clear of big banks' high rates on small loans

Interest rates are at rock bottom if you're in the market for a five-figure personal loan from your bank. But if you apply to borrow a smaller sum you'll be in for a nasty surprise.

Simon Read: Ten million adults forced to borrow last year

Some 10m people took out a loan in the past 12 months with a third using the cash to pay for food and basic living essentials, according to research by the affordable housing group Circle.

Simon Read: Swinson must deliver on crackdown promise

At the Liberal Democrats party conference this week, consumer affairs minister Jo Swinson promised: "Later this month tough new rules proposed for payday lenders will be published by the Financial Conduct Authority (FCA), which takes over responsibility for the industry from April.

Is one-year borrowing worse than a payday loan?

You don't have to pay 5,853 per cent interest to get cash... Chiara Cavaglieri checks other options

Lenders using CPAs to exploit consumers

Hard-up consumers are being exploited by payday lenders who drain their bank accounts using continuous payment authorities (CPAs).

Simon Read: Getting help to the desperate can save their lives

One in three people contacting a debt charity had either attempted or contemplated killing themselves because of their financial problems, figures published this week showed.

Why friends in need are banking on a loan

With payday loan companies charging up to 5,853 per cent APR, more than half the UK's population is turning not just to the bank of mum and dad but the bank of mates too. Around 57 per cent of us "often" lend to friends and family and one in ten have handed over between £250 and £1,000 to loved ones, figures from Gocompare.com reveal. More than a third of us have lent money to pay off someone else's debts and one in four have covered food, shopping or other bills.

More than 32 million people pestered by PPI claims

The Government must give regulators more powers to crack down on unscrupulous claims firms that are contacting consumers without permission, Which? has demanded.

Simon Read: Bailiffs are an upsetting and costly way to collect late debts

I make no apologies for returning to the subject of bailiffs this week. But I will apologise for any suggestion in my column last week that all bailiffs are unscrupulous bullies who are happy to lie their way into people's homes and help themselves to people's treasured possessions.

Simon Read: Is there any stopping the 'borrow now pay later' lot?

With reports that more than 32m people have been on the receiving end of those annoying PPI claims calls, texts and emails, my thoughts return to an email about annoying loan emails I received earlier this week from reader Jonathan Dumbell of Torquay.

Simon Read: No sympathy for dollar financial's £10m-a-year loss

Poor Dollar Financial. The giant American credit firm reported last week that its profits have been hit by the payday loan probe by the Office of Fair Trading.

Two out of five payday firms close after probe

Another four payday lenders have shut their doors, the Office of Fair Trading (OFT) revealed this week.

Plastic people: How credit cards changed our relationship with money

The first credit card hit Britain 50 years ago and it kick-started a revolution that made money and credit more accessible than ever

Call for banks to meet payday loan demand

News that "almost half" of customers who take out a payday loan are happy with the experience has sparked calls for mainstream lenders to step into the breach and offer better products for customers.

Money
Air Asia is offering flights from Thailand to selected destinations from as little as $4
deals
Money
Savings of up to 53 per cent are available on Headworx clothing
deals
Money
Football's back: make sure you net the right TV deal
deals
Money
Spin a web to Blinkbox and reel in The Amazing Spiderman 2
deals
Money
Cold comfort: M&S shoppers are being offered half-price lollies
deals
Money
Splash out: at Legoland Windsor you can get a two-for-one deal
deals
Money
Destination Scotland: Virgin is offering a new deal
deals
Money
Bob Bob Ricard's newly opened Club Room
deals
Money
One reader complained that he would be better off if he kept his money by his bed
advice
Money
'The Lego Movie' has been one of the box office hits of 2014
deals
Money
Sir Michael Parkinson, and other well-known people, should think twice before fronting ads for financial products
comment
Money
BA travel rewards are taxiing down the runway
deals
Money
TSB boss Paul Pester wants to take on the high street giants and 'help create thriving local communities all across Britain'
comment
Money
Sony is hoping to attract fans of Wimbledon with its offer
deals
Money
Look before you leap: a travel policy may not pay out if the customer 'hasn’t been very careful' in terms of, say, adventure or alcohol
advice
Money
Nearly time for kick off: Young Brazil fans playing football on the outskirts of Sao Paulo
advice
Money
Advance bookings direct with rail companies offers huge savings
deals
Money
Chuka Umunna, the shadow, Business Secretary, is backing constituency members who are in dispute with a landlord Charlie Forgham-Bailey
comment
Money
As travel takes off for the World Cup, some airport car parking spots are on offer at reduced rates
deals
Money
The estate of the nation: the 0 per cent deal from Leeds has been launched with Barratt
advice
Financial products from our partners
Property search
On Google+
The Independent
 
The Independent on Google+
i100
i100 on Google+
i Newspaper
 
TheIPaper
The Independent around the web
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Property search
iJobs Job Widget
iJobs Money & Business

Application Support Analyst / Junior SQL Server DBA

£40000 - £45000 per annum: Ashdown Group: An established professional services...

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...

Business Development Manager / Media Sales Exec

£28 - 32k + Uncapped Commission: Guru Careers: A Business Development Manager ...

C# .NET Developer (PHP, Ruby, Open Source, Blogs)

£40000 - £70000 per annum + Bonus+Benefits+Package: Harrington Starr: C# .NET ...

ES Rentals

    Day In a Page

    Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
    Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
    Sicily – seven nights from £939pp
    Pompeii, Capri and the Bay of Naples - seven nights from £799pp
    Istanbul Ephesus & Troy – six nights from £859pp
    Mary Rose – two nights from £319pp
    Alexander Fury: The designer names to look for at fashion week this season

    The big names to look for this fashion week

    This week, designers begin to show their spring 2015 collections in New York
    Will Self: 'I like Orwell's writing as much as the next talented mediocrity'

    'I like Orwell's writing as much as the next talented mediocrity'

    Will Self takes aim at Orwell's rules for writing plain English
    Meet Afghanistan's middle-class paint-ballers

    Meet Afghanistan's middle-class paint-ballers

    Toy guns proving a popular diversion in a country flooded with the real thing
    Al Pacino wows Venice

    Al Pacino wows Venice

    Ham among the brilliance as actor premieres two films at festival
    Neil Lawson Baker interview: ‘I’ve gained so much from art. It’s only right to give something back’.

    Neil Lawson Baker interview

    ‘I’ve gained so much from art. It’s only right to give something back’.
    The other Mugabe who is lining up for the Zimbabwean presidency

    The other Mugabe who is lining up for the Zimbabwean presidency

    Wife of President Robert Mugabe appears to have her sights set on succeeding her husband
    The model of a gadget launch: Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed

    The model for a gadget launch

    Cultivate an atmosphere of mystery and excitement to sell stuff people didn't realise they needed
    Alice Roberts: She's done pretty well, for a boffin without a beard

    She's done pretty well, for a boffin without a beard

    Alice Roberts talks about her new book on evolution - and why her early TV work drew flak from (mostly male) colleagues
    Get well soon, Joan Rivers - an inspiration, whether she likes it or not

    Get well soon, Joan Rivers

    She is awful. But she's also wonderful, not in spite of but because of the fact she's forever saying appalling things, argues Ellen E Jones
    Doctor Who Into the Dalek review: A classic sci-fi adventure with all the spectacle of a blockbuster

    A fresh take on an old foe

    Doctor Who Into the Dalek more than compensated for last week's nonsensical offering
    Fashion walks away from the celebrity runway show

    Fashion walks away from the celebrity runway show

    As the collections start, fashion editor Alexander Fury finds video and the internet are proving more attractive
    Meet the stars of TV's Wolf Hall... and it's not the cast of the Tudor trilogy

    Meet the stars of TV's Wolf Hall...

    ... and it's not the cast of the Tudor trilogy
    Weekend at the Asylum: Europe's biggest steampunk convention heads to Lincoln

    Europe's biggest steampunk convention

    Jake Wallis Simons discovers how Victorian ray guns and the martial art of biscuit dunking are precisely what the 21st century needs
    Don't swallow the tripe – a user's guide to weasel words

    Don't swallow the tripe – a user's guide to weasel words

    Lying is dangerous and unnecessary. A new book explains the strategies needed to avoid it. John Rentoul on the art of 'uncommunication'
    Daddy, who was Richard Attenborough? Was the beloved thespian the last of the cross-generation stars?

    Daddy, who was Richard Attenborough?

    The atomisation of culture means that few of those we regard as stars are universally loved any more, says DJ Taylor