Credit card companies are launching an initiative aimed at identifying consumers who may need debt advice. Apacs – the UK payments association – has revealed that providers will now share more information about the habits of borrowers. Currently details such…

Calls have been made for chancellor of the exchequer Alistair Darling to re-think pre-Budget report proposals. Liberal Democrat deputy leader Vince Clegg stated that a cut in value added tax (VAT) will do little to help those trying to become…

The reduction in indirect taxes announced by Alistair Darling in the pre-Budget report have helped consumers regain some control over their finances, it has been claimed. Head of personal finance at money website Fool.co.uk David Kuo explained that the 2.5…

Shoppers who only make minimum credit card repayments on their spending over the Christmas period could remain in debt until 2016, it has been claimed. According to moneysupermarket.com, it could take up to seven years to pay off a credit…

An increasing number of pensioners are in debt when they retire, it has been claimed. Data from Just Retirement has found being in debt when reaching retirement age is affecting 24 per cent of those surveyed, while 26 per cent…

Older people are at risk of becoming “hidden victims” of the credit crunch, Age Concern has warned. The charity has urged the government to include measures to help pensioners in its pre-Budget report as they are struggling to cope during…

Parents are still providing offspring over 25 with financial assistance, new research has found. Data from Engage Mutual revealed that 31 per cent of parents surveyed were helping their children with money as they struggle to become financially independent. Much…

Providing for daily necessities such as shelter and basic needs is the most important financial concern for those aged 45 and over, new research has revealed. The survey, conducted by Hartford, shows that 58 per cent of respondents feel keeping…