Between April and June lenders brought 165,000 CCJs against people who had not paid their debt off, a rise of nearly a fifth on the same period a year before. According to the Registry Trust figures, this increase in CCJs…

Concern over late payment charges and the possibility of an interest rate rise have prompted people to be more savvy about paying back their credit card debts, with levels dropping for the third month out of four. The total amount…

Sue Edwards, senior policy officer for the Citizens Advice bureau, said that of 1.25 million debt problems dealt with each year, owing to credit card providers was the most common. “Credit card debt now ranks number one in the 1.25…

Even though the bank increased revenues by 15 per cent last year, bad debt charges have soared by 44 per cent and experts expect a similar pattern this year. “The general industry trend is that defaults are increasing, competitive pressure…

The bank refers to incidents such as a boiler breaking down as an example of a UFO and adds that only 20 per cent of people who encounter such problems have the savings to cover the cost. Increases in credit…

Instead, The Debt Counsellors are urging credit card holders to strive towards eliminating credit card debt altogether to avoid any such charges. John Porter, a senior counsellor with The Debt Counsellors, commented: “Credit card debt is costing too many people…