Compared to the same quarter in 2005, the number of English and Welsh court orders to repossess a house increased by 57 per cent to nearly 22,000. According to the Department of Constitutional Affairs figures, repossession levels have been rising…

The research reveals that people aged over 50 are finding it harder and harder to pay bills and, as a result, are turning to their overdrafts to make do. Of the 4.5 million older people who regularly use their overdraft…

The Mail on Sunday reports that, as the number of personal insolvencies rises rapidly in the UK, many people in debt are being advised to take out individual voluntary arrangements (IVAs) or debt management plans (DMPs) that could be more…

The Economic and Social Research Council has estimated that the UK’s level of personal debt increases by around £1 million every four minutes, while the total figure topped £1 trillion for the first time in 2005, prompting concern from many…

Debt charities, including the Consumer Credit Counselling Service (CCCS) and Credit Action, have called on the well-known presenter to stop using her profile in the ads for the lender FirstPlus. They fear that Vorderman’s reputation as a Maths whiz could…

PPI covers loan customers in the event they are unable to earn enough money to meet their repayments, whether owing to an accident or loss of a job. However, online data comparison service Moneynet is advising borrowers that it is…

A survey carried out by Moneyfacts in April found that 83 per cent of almost 300 consumers expressed concern over the amount that banks routinely lend, while only just over half (54 per cent) said they trusted their own bank…