According to internet bank first direct, 53 per cent of adults are happy to talk about personal problems but only 22 per cent discuss debt worries. Television psychologist Mo Shapiro said: “Some people feel that they are defined by their…

In the Halifax report the average home spends five per cent of its disposable income, or £34.42 per week, on clothing, adding to credit card debt. Peter Jackson, head of products at Halifax, urged people to be careful with their…

The National Federation of SubPostmasters along with the Royal Bank of Scotland (RBS) and NatWest are to install up to 300 machines to allow free access to savings. Gordon Pell, chief executive of retail markets at RBS, said: “Lack of…

Moneysupermarket.com claims that Britons could save up to £2 billion on credit card debt interest in 2007 by applying for an interest free card now. Robert Kenley, head of credit cards at moneysupermarket.com, warned that consumers should exercise proper debt…

According to Ernst & Young, an increase to five per cent is needed to control inflation, but this could push homeowners further into debt by increasing mortgage repayments linked to the Bank of England rate. Peter Spencer, chief economic adviser…

According to the British Bankers’ Association (BBA), net growth was £10 billion, “well down” on August’s loan increase of £14.6 billion and the six-month average of £15.4 billion. The rise in credit card debt fell at a slower rate than…

In its reviews of firms selling the policies that are meant to offer protection on loan repayments, the authority said that information was often unclear and PPI was even sold when it was of no benefit to the holder. “The…

Financial advice website moneysupermarket.com states that people seeking to transfer their credit card debt could risk ending up paying higher interest rates if they are refused. “Our research shows Brits face a bit of a gauntlet when dealing with the…