Anthony Elliot said it was due to such irresponsible lending that so many Britons were facing a debt crisis. He told Channel 4’s News at Noon that the current situation was a reflection of the “ease” with which consumers could…

Lisa Taylor from moneyfacts.co.uk said that with the interest rate rising, many people with debt are going to be hit harder. “Recent economic signs do not paint a very rosy picture for UK consumers, with rising bad debts, unemployment levels,…

A quarter of Britons would consult friends over loans, accounts and mortgages, even though they might not know all that much about such important financial matters. The survey was commissioned by Alliance & Leicester, which is trying to encourage friends…

Yet these insecure workers – which account for a tenth of the workforce – have few savings put aside to cope with debt in case they are made redundant, Prudential has said. Angus Maciver, business director of insurance at Prudential,…

With the interest rate increased to 4.75 per cent, One Advice believes that the 4.25 million people it claims already having problems with debt management could be affected badly. Chris Holmes, chief executive of the agency, said he was worried…

Francesca Hopwood-Road, a spokeswoman for the bureau, said that people in debt should seek advice to avoid adding to the two thirds rise in number of bankruptcies. Speaking on BBC One’s Lunchtime News, Ms Hopwood-Road stated on the rise: “We…

According to CML data, there were 8,140 repossessions in the first half of the year as more people get affected by debt, nearly double the amount of a year ago. Debt is causing problems with repayments too, with 35,320 during…