According to the website, the number of lenders offering personal loans with interest rates of six per cent or less has halved over the past year, while the average rate across the whole loans industry has risen to 10.98 per…

Research by Moneyfacts has revealed that on a three-year £5,000 loan, only four lenders still offer rates below six per cent, while more than 40 per cent of the market charge eight per cent or more; a further 16 per…

The latest Personal Credit Index from CreditExpert shows that a quarter of UK couples argue about money, with at least two million relationships falling apart in recent months because of this issue. Research also shows that 18 to 34-year-olds are…

Associate director Chris Tapp said that debt problems are becoming increasingly apparent to today’s consumers, which means that borrowers are a lot more cautious about the amount they borrow on credit. His comments follow research by UK payments association Apacs,…

The price comparison site has found that 89 per cent of credit card applicants over the past year did not have to prove their income, while 96 per cent of borrowers did not have to provide proof of outgoings. The…

This is the view of insolvency practitioner Melanie Giles, who believes that although there is still a social stigma attached to debt, “in time, another generation may not feel like that”. Speaking at a financial industry convention in Canary Wharf…

In its latest Financial Risk Outlook, the watchdog said the level of debt in relation to income is at a record high and is twice as much as it was in the 1980s. The report stated that there is a…

According to financial advice website Unbiased, the UK has to work the whole month of January to earn enough just to service the interest on its personal debts. Research shows that in order to clear the average interest amount of…