The first half of 2008 saw a 47 per cent rise in cases of application fraud where new finance was approved, it has been reported. Cifas, the UK’s fraud prevention service, said the identities of innocent people may have been…

British people are avoiding running up credit card debt by cutting down on holidays, a travel website has said. While main holidays are still popular, shorter city breaks are losing their appeal during a time of increased instances of bankruptcy…

The cost of living increases are a “massive contributory factor” to the rising numbers of people moving abroad for their retirement, the director of Shelter Offshore has said. Rhiannon Davies said day-to-day living costs and inflation levels were “spiralling” and…

Following research released by National Savings and Investments (NS&I) claiming nine per cent of British consumers have no understanding of inflation, the investment provider has said such terms are “confusing”. According to the figures, released earlier this week, a further…

People are trying to maintain a debt free lifestyle by cutting back on spending on the high street, latest statistics show. According to the Daily Mail, June experienced the biggest one-month drop in sales since 1986. A 3.9 per cent…

Household energy bills will rise by 15 to 20 per cent in September, comparison site Xelector has said. A further increase of 20 per cent is also predicted for early next year. Commenting on the findings, financial website Fool.co.uk has…

Using a credit card to withdraw money from cash machines could accrue debt, new analysis from Money Expert has revealed. The average annual percentage rate (APR) imposed by credit card companies for not clearing balances built up by ATM use…

More people are seeking professional advice about their finances, an expert has said. Independent financial advisory company ADDIDI Wealth has said the government’s attention to financial management has resulted in more people asking for help compared to ten years ago.…