Consumers have been advised to avoid taking on credit card debt in the current economic climate. David Kuo, head of personal finance at fool.co.uk, noted that paying off what is owed is becoming increasingly important as redundancies rise. He observed…

Britons are “increasingly” opting to use their debit cards to make payments for purchases, it has been noted, something that could help them avoid building up credit card debt. Figures published by Apacs, the UK payments association, have showed that…

Some people who have been the victims of identity theft have found themselves being blacklisted for credit, it has been noted. Emma Holyer, a spokeswoman for financial firm LV=, revealed that consumers can experience debt management problems as a result…

Around sixty per cent of borrowers pay off their credit card debt in full each month, it has been stated. Paul Rodford, head of policy at the UK Cards Association, said that this means they will be unaffected by changes…

The majority of people spend their wages by the 20th of each month, according to a new survey. Research from The Co-operative Bank Current Accounts has found that many consumers embark on shopping trips and nights out when they have…

New measures that have been introduced to allow borrowers a 30-day reprieve from creditors if they seek debt help have been welcomed by an industry body. Frances Walker, a spokesperson for the Consumer Credit Counselling Service, said that the move…

The average UK borrower owed £30,470 on products such as home loans at the end of February, new figures have shown. A report from Credit Action has revealed that the total level of personal debt in the UK stood at…

Not being able to repay debts is one of the top fears held by people over the recession, new figures have found. A survey conducted by Lloyds TSB has discovered that the most prevalent worries about the downturn include unemployment,…