Britannia Building Society has admitted that it was unsuitable to sell a five-year bond to a 92-year-old, seriously ill man, the Daily Mail reports, but said that it would not discriminate against a customer due to their age. The Financial…

Help the Aged claims that two-thirds of people approaching their pension have no plans to fund their care, which can cost around £21,000 per year. However, the charity believes that poor debt management and financial planning is contributing to this…

Speaking on BBC Two’s Working Lunch, the CCCS’ founder, Malcolm Hurlston, urged people to first of all add up their total debt so as to know the situation they stand in. “Once you’ve done that, the next thing to do…

Even on a tight budget, living costs are over 2.5 times what the state provides, which could force many to go into debt, according to the Axa survey. Commenting on the findings of an experiment to make people live on…

Through the introduction of an annual review of overdrafts, HSBC’s action could cut down on the amount of people regularly using overdrafts as loans. “Overdrafts were originally developed to give customers a safety net and more flexibility to cover short-term…

Around a fifth of FTBs plan to spend an average of £5,000 on cars, holidays and other luxuries before a mortgage, the Alliance & Leicester found, yet this could push them into debt. “Buying your first home can be a…

John Borgars of Equity Development said that ClearDebt was cheaper than competitors which typically charge over £4,000 per case they handle. In addition to the lower charges, he added that ClearDebt sought these fees from other sources rather than an…

The Conservative MP told a Credit Today conference that there was a “vulnerable” minority of people who had poor debt managementwhich was leading to problems. “For some, especially vulnerable families, too much debt can cause misery and great financial hardship,”…