According to the National Debtline, rise in demand for debt advice is mirroring Britain’s mounting financial problems. “Most people’s finances are in quite a parlous state by the time they get to us. It’s not uncommon for a caller to…

According to Datamonitor, consumers had a total credit card debt of £470 billion last year and this will reach £639 billion by 2010. “Consumers continue to grow more comfortable using cards for both day-to-day transacting and borrowing,” said Kieran Hines,…

With consumers considering launching action against PPI they believe was mis-sold on their loan, “ambulance chasers” targeting people looking for redress could emerge and take large amounts of money from claims, an expert has warned. “PPI has been long talked…

Speaking in an interview, trade and industry minister Jim Fitzpatrick said that easy lending had “stoked the flames” of bad debt. “If we’ve got a rise in indebtedness, if we’ve got a rise in people having difficulty in servicing that…

Payments association Apacs claims that the amount of people repaying their credit card debt each month in full has risen while the number of transactions fell to 2.1 billion. Although this is only a one per cent drop on the…

has been launched to help reduce the £1.2 trillion that Britons owe. The UK Debt Help Manual has been published by the Debt Counsellors with claims that it is a “comprehensive guide” for those struggling to make repayments. John Porter…

In addition, the Standard Life Bank study found that half the population wants debt advice to help them get their finances in order and become happier. Will Fraser, national sales manager at Standard Life, said: “The research shows that professional…

Jim Spowart, the man behind the Standard Life and Intelligent Finance banks, called for action to tackle credit card debt built up by expensive cards. “Credit cards are an essential part of our everyday lives but there is no justification…