A study from Money Shop found that 58 per cent have borrowed money from their parents in the last 12 months. However, only two in five of these people have paid back the full amount, with £275 being the average…

About 16 million people in the country made a resolution at the start of the year, with two-fifths saying they intended to get out of the red. However, more than a quarter (27 per cent) fail to stick to these…

According to Standard Life, there has been a huge shift in attitudes towards financial management since last year, with ‘clearing debts’ and ‘financial security’ both in the top five of the firm’s so-called ‘happiness mantra’. Ashley Ramsay, from Standard Life…

A study by advice site IVA.co.uk found that 96 per cent of respondents think the credit card industry should be better regulated, while 89 per cent are in favour of additional regulation of banks. When asked about the issue of…

In a reiteration of its stance on the issue, Which? has said that bank charges should not only be fair but should reflect the true administration costs. The consumer group, which calculated that bank customers pay £4.7 billion each year…

MyCallcredit has said that £11.4 billion was spent by 31 million credit card users over the festive period and has recommended that borrowers aim to repay more than the minimum balance and to pay off cards with the highest interest…

Authorised overdraft interest rates increased from an average of 13.8 per cent to 15.1 per cent, while the average standard rate on a credit card increased from 14.8 per cent to 16 per cent. This means that more people are…