Mr Mond insists that the falling number of consumers opting to enter Individual Voluntary Arrangements (IVAs) reflects the efforts of banks and other creditors to deter people from taking this action. The scale of the debt management burden among consumers…

Data collected by Fool.co.uk demonstrates that during April, May and June 2007 UK consumers went into debt to fund a range of purchases, including musical instruments, holiday homes and to pay for cosmetic surgery. And the latest statistics show that…

Research by the Joseph Rowntree Foundation discovered that, despite an overall fall in the number of people who are “very poor”, there are more Britons living in poverty now than was the case 15 years ago. Furthermore, the study reveals…

Rising costs of borrowing during the last year, utility bill increases and spikes in the price of petrol are all believed to have contributed to the gradual squeeze on household incomes nationwide, suggests the accountancy experts. Despite the increasing proportion…

A study by MoneyExpert found that during the last six months an average of 7,716 people have missed their loan repayments each day in the UK as the cost of borrowing has continued to increase. Furthermore, the proportion of people…

Eric Leenders from the British Bankers’ Association (BBA) told the BBC that it is in the interests of consumers that reform proposals can be agreed upon and implemented to make the IVA application process a more straightforward one. In addition,…

Figures compiled by YouGov for the Retail Trust charity show that close to a quarter of people around Britain take a trip to the shops in an effort to ease their anxiety and young adults (18 to 24-year-olds) are the…