Overspending at Christmas can lead to serious debt management difficulties and sometimes cause people to enter insolvency, one expert has claimed. Richard Sheppard from financial advisory firm AWD Chase de Vere suggests that excess spending over the festive period is…

Millions of retirees in the UK are dealing with debt management problems, according to recent research carried out by Scottish Widows. Close to a third of retirees around the country have had cause to carry over their personal loan or…

Vince Cable, economic spokesperson for the Liberal Democrat Party, has claimed that the base rate of interest will have to rise over the course of the next few months. Mr Cable insists that a further increase in the cost of…

Martyn Saville, senior researcher at Which?, said that the organisation “would expect” companies to only issue store cards to consumers with credit limits that are within their repayment capabilities, following a thorough credit check. “Which? believes that financial institutions should…

According to a report in the Guardian, 93-year-old Clifford Taylor has seen his initial amount to repay grow by £99,000 to £116,000, a consequence of soaring house prices and how Sams were designed to work. Sams were introduced to allow…

David Kuo, head of personal finance at website Fool.co.uk, said that for consumers who borrow money, a flexible loan that allows bigger repayments when the borrower is in the position to do so could prevent the need for a debt…

After increasing the cost of borrowing in July for the fifth time in less than a year, the Bank of England’s monetary policy committee has opted to hold fire and maintain the base rate at 5.75 per cent for another…