Dyfrig John, director and chief executive of HSBC bank, says that with personal indebtedness in the UK standing at “pretty serious” levels, many people would be adversely affected by an increase in the underlying cost of borrowing. Mr John declined…

David Drage, 57, was found dead in his car in Gatwick Airport on February 22nd, a day before he was due to meet with auditors and his employers to discuss the missing money. The inquest in Horsham, West Sussex, heard…

Siding with Shakespeare’s Polonius, who advised against both lending and borrowing, Datamonitor claims that the situation caused by irresponsible lending and borrowing could soon become critical. Although the report’s author blamed borrowers’ lack of adequate debt management for much of…

Lloyds TSB saw bad debt cases rise by a fifth to £800 million while HBOS experienced an increase in bad debt by 15 per cent to £864 million. “The rate of growth in the number of customers filing for bankruptcy…

Citizens Advice says that by helping people build financial skills, such as how to budget or how to choose the best credit card, it will help many avoid debt. “There is a need to include financial information at school age,…

The Debt Counsellors believe that only professional advice can help the million pensioners with an average debt of £15,500, while 50,000 more have debts over £50,000. John Porter, senior counsellor with The Debt Counsellors, said pensioners should not stay silent…

The surge in debt beat the overall 18 per cent profit rise at the bank as borrowers struggle with debt management. “In the UK, the unsecured personal sector again contributed the major portion of the impairment charge in the period,…

Neil Munroe, of credit reference agency Equifax, said that while sharing a house could make buying property affordable, if one partner can’t pay then others must foot the bill. “There is no guarantee that things won’t go wrong when people…