According to credit reference agency Callcredit, four per cent of people have such poor debt management skills that they do not how they will pay for their spending this season. In addition, the amount of people expecting to spend over…

To many, this may seem a very early start, but moneyfacts.co.uk states that many high-interest regular saver accounts are fixed for 12 months, so now is the right time to start planning for next year. Rachel Thrussell, head of savings…

Energywatch, the gas and electricity watchdog, said that one customer suddenly owed £853 to their supplier as the token meter had not had its prices reset since 2003, negating the supposed debt management benefits of such meters. Adam Scorer, energywatch…

David Kuo, head of personal finance at the financial comparison website, said that people are signing up to loans without thinking through the full consequences and total repayment. “Consumers need to focus carefully on the true cost of any purchase,…

Calls to the National Minimum Wage (NMW) helpline were found to have increased by ten per cent in a year, leading to £3,291,516 in unpaid wages being recovered for 25,314 workers. Employment minister Jim Fitzpatrick said: “The national minimum wage…

Commenting on the government’s report on financial inclusion, Abcul CEO Mark Lyonette said that the creation of more credit union accounts would enable more people to have better debt management plans. He said: “More credit unions would be able to…

According to the shadow chancellor, George Osborne, store cards are to have a week-long cooling off period, while students will get debt management lessons. “It is increasingly clear Gordon Brown has not done enough. Insolvencies are up, bankruptciesare up and…

According to the BBA, a net total of 2.11 million post office-accessible accounts have been opened since April 2003, creating debt management opportunities for consumers. Ian Mullen, chief executive of the BBA, commented: “We approach the chancellor’s pre-budget report, confident…