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…

Research from the Debt Counsellors states that more than 41 per cent of people looking for help with their repayments owe money spent on store cards. It added that the combined value of transactions made on store, debit charge and…

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…

According to uSwitch, because many people received December’s pay before Christmas rather than in the final week, some households will have no choice but to default on their mortgage, council tax and household bills due to a lack of funds.…