The study from independent price comparison website, uSwitch.com, found that a fifth of 18 to 29-year-olds are permanently overdrawn, while 11 per cent of the population overall are in such a state. According to the survey, a third of those…

Andy Britchford, personal finance analyst at Moneyfacts.co.uk, said that such an approach to lending could help more borrowers avoid debt. “A longer term, more responsible approach to lending, with particular focus at the initial application stage, could perhaps reduce some…

According to a Prudential survey, almost half of all Britons approaching retirement plan to continue to work and 1.4 million are uncertain if they ever will give up work. Ali Crossley, retirement director of Prudential UK, said: “It is very…

Nicholas Bizley, a 51-year-old bank worker who had a wife and two children, lay in front of a freight train as he felt he could not deal with his £100,000 debt problem. “There was no way that he could discharge…

A third of women overall and half of women in Northern Ireland, the south-west and the east of England want to be like the England footballers’ wives and girlfriends (Wags), the Scottish Widows survey showed. Anne Young, senior marketing manager…

CF Consultants, run by Riaz Ali and his wife Shomaila, had previously given corporate and commercial financial advice to businesses but has now lost its consumer credit licence. Officials from the Office of Fair Trading (OFT) took action against the…

The Bank of Ireland’s study on the island’s wealth claims that despite household debt levels, Eire’s economy should continue to grow. “Much has been made of the level of indebtedness in the Irish economy, with the pace of growth in…

Anthony Brookes, 40, of no fixed address, has been jailed for over six years after admitting stealing £250,000 using stolen credit cards and wallets. “He has a long-standing gambling problem and was in a substantial amount of debt,” said his…