Personal loans and credit card debt grew compared to July by £1.1 billion, a twenty per cent increase on monthly growth. Mortgages for new homes stood at 119,000, lower than July’s figures, but the amount of people seeking to remortgage…

Alliance & Leicester’s latest report has revealed that the average FTB has £5,860 of debt and the building society has warned that it is sensible to clear this first before committing to a mortgage. “Our research reveals that while many…

According to the Datamonitor report, Britons’ loans and credit card debt total £215 billion and the average debt of £3,008 is twice the average for western Europe. This report comes out on the same day as a Visa report claims…

In Visa’s new shopping IQ test, Britons came last at researching products, second bottom at both trying new products and saving money and fourth from bottom at self-control. With such poor self-control of finances, it is hardly surprising that Britons…

According to Moneyfacts.co.uk, rising bad debt levels and a cap on late-payment fees means that many lenders are raising the interest rates on credit cards, increasing the time it takes for people to repay loans. “Rising bad debts and the…

The independent financial advisor service claims that nearly half of the UK’s pensioners are unaware of their entitlements and tax rights. In addition, future pensioners are also being urged to plan for the future to ensure that they retire in…

The bureau claims that many suffering from debt are penalised further by private bailiffs who intimidate and harass them whilst charging excessive fees. “Reports from clients of intimidation, unreasonable demands and excessive charges by bailiffs are commonplace,” said David Harker,…

Last month there was a £186 million increase in loan and overdraft use on July’s figures, even though credit card lending fell. Although David Dooks, BBA’s director of statistics, said that this was a “weak increase”, it still shows that…