Loans

Personal debt experts have welcomed the news that the Financial Conduct Authority (FCA) has decided to ban commission structures that incentivise car retailers to sell high-interest finance deals to their customers.

Hundreds of thousands of people who were mis-sold loans by Wonga look set to be left without the large majority of compensation they’re owed.

Consumers across Scotland are being urged not to let their financial situation deteriorate drastically through an overreliance on debt this Christmas.