Worst age overall for debt is 53 – 59, the Consumer Credit Counselling Service (CCCS) said, with one debtor owing a total of £412,000 over 57 credit cards. Out of the CCCS’ 155,000 clients, the over-50s came out as the…

With Britons’ total personal debt rising to £1.2 trillion, the Debt Counsellors urged people to take professional advice before it becomes too late. Commenting on Britain’s debt levels, John Porter of the counselling firm, said: “These latest figures show the…

Around a fifth of Britons told MoneyExpert.com that the latest batch of energy price rises are affecting them, with a quarter of poor households saying that they are “finding it difficult”. “The rise in energy bills is really hitting home,”…

Philip Cullum, deputy chief executive of the NCC, praised the news that the CC wants to make the home credit loans market more competitive. Welcoming the overall package of measures, Mr Cullum stated: “The NCC especially welcomes the proposals to…

Research for uSwitch.com found that nearly 540,000 borrowers are paying over the odds for loans below £5,000, with rates as high as 19.9 per cent APR. Nick White, head of personal finance at uSwitch.com, commented: “Loans are undoubtedly the most…

According to Mutual Assurance research, almost half of parents with children over the age of 25 are helping their children to cover basic living costs. Commenting on the report, Karl Elliott, 3GB spokesman for engage Mutual Assurance said: “With recent…

But in doing so they are going bankrupt in record numbers as their earnings do not much the bank balances that the England footballers’ Wives and Girlfriends (Wags) have, accountants Wilkins Kenned claimed. “The Wag-type is a person who thinks…

Credit card debt dropped by £300 million during July, figures from the British Bankers’ Association (BBA) show, a possible sign that people are better managing their finances. However, the amount of deposits savers put into bank accounts also slowed in…