Each year, women in Birmingham who spend more than half of their borrowed income on shopping for fashionable items will splash out over £1,813 on average, which is almost £773 greater than the typical British spendaholic, uSwitch has revealed. And…

Sandra Quinn told Channel 4’s News at Noon programme that the proposals are not designed to increase the amount of credit card debt individual consumers amass, but rather to encourage them to use one card instead of another from another…

James Alexander was responding to his company’s own estimation that each household in the UK has added around £475 per year to the overall profits of the five largest banks. In light of the wake of dramatic increases in the…

The banks customers, including those with credit card debt, could generate an income of £1.79 million from the scheme. Nick White, director of financial services at price comparison and switching website uSwitch commented on what he said has been a…

Only independent regulation will stop indebted Brits being at the mercy of the “bully boy tactics” it claims are employed by some of the country’s bailiffs and this idea should have formed the central theme of the recently drafted tribunals,…

The so-called tribunals, court and enforcement bill will mean stricter controls over enforcement agents and bailiffs, to ensure the protection of those vulnerable to what the department calls “unscrupulous” debt enforcement agents. “Tens of thousands of people get into debt…

In fact, the Bank of England’s monetary policy committee was divided 7-2 in favour of maintaining rates at current levels, but the varying opinions within the group are seen to suggest an increase could happen as 2007 progresses. And with…

According to official figures released by the British Bankers’ Association (BBA), while Brits are paying of their credit card debt quicker than ever before, overall individual borrowing levels continues to increase. During January the total amount of money owed to…