According to the website, this could even translate into nearly £6,000 of annual savings, such as through the intelligent management of credit card debt. “A family with a typical financial portfolio could save £967.35 in time for Christmas, or £5,646.11…

In the Sesame survey, women aged over 35 owed on average £8,219 while their male counterparts only owed £3,436, yet 57 per cent of women admitted to being ashamed about the amount they owe. Alastair Conway, head of customer propositions…

According to moneyfacts.co.uk, users who repay their credit card debt can gain some benefits, yet others are paying interest. “As the problem of indebtedness in the UK worsens, every day we either see advertisements in the press for the ‘best…

Hernel Burgher, 45, was sentenced to 40 days imprisonment by Nottingham magistrates for accumulating four years’ worth of council tax debt worth £2,742. Councillor Michael Edwards, deputy leader of the city council, warned in the BBC that the council would…

According to IFA Promotion, there was a 13 per cent rise in demand this summer in the amount of people looking for advice on becoming debt free and other financial queries. In a sign that people are heeding calls to…

In its bid to help consumers make better-informed decisions to avoid needless credit card debt, the association said that data sharing to help prevent over-indebtedness had increased. A summary box, as with credit card cheques, will be included by the…

According to MoneyExpert.com, PPI can be “an expensive add-on” that can make consumers accumulate excess credit card debt, with a £3,000 balance charging an annual fee of up to £540. Sean Gardner, chief executive of MoneyExpert.com, said that for those…

Looking at the fees major banks charge for going overdrawen, moneyfacts.co.uk found that the big four high street banks would add up to £30 of debt for anyone going £1 into the red for just one day. “While it cannot…