Britons are currently owed £4.71 billion in unpaid debts caused by lending money to friends and family, new research has found. Figures from PayPal have revealed half of the 48 million adults living in Britain have loaned money to friends…

More than a quarter of consumers in the UK are worried that they will need debt help in the future, a survey has found. Research by PricewaterhouseCoopers (PwC) has revealed that despite many people not feeling adversely affected by the…

Nearly two thirds of Britons will be relying on debt to see them through the festive season, new research has found. Norwich Union’s Frugal Festivities survey revealed that 34 per cent will be using credit and store cards, overdrafts or…

Credit unions may soon have access to Social Fund money to help provide financial aid to those struggling to access financial services, it has been revealed. Minister for the Social Fund Kitty Ussher unveiled the plan as part of a…

Spending too much over the festive season could leave families feeling disappointed and frustrated, it has been claimed. Finance expert Jasmine Birtles explained that families need to cut back on giving presents at Christmas and said that she was “pleased”…

Loan rates are reaching an all-time high, with the gap between the base rate and loan interest figures nearly doubling in the last two months, a price comparison website has stated. Research by moneysupermarket.com has found that those looking to…

Households are depending on two incomes in order to cover living expenses and avoid falling into debt, a new survey has revealed. A study by Scottish Widows found that the parents in 11.9 million families are both working in order…

Making savings to ensure a good standard of living during retirement is becoming “crucial”, Alliance and Leicester has stated. The lender noted that the “increasing demand on the pension pot” means that workers should start saving early to ensure financial…