Credit card debt dropped by £300 million during July, figures from the British Bankers’ Association (BBA) show, a possible sign that people are better managing their finances. However, the amount of deposits savers put into bank accounts also slowed in…

It has suggested that lenders must share data and give better price information and statements, as the CC believes that homeowners are paying too much for loans due to a lack of competition. Recommendations follow provisional findings in April in…

Financial spokesman Julia Goldsworthy said that the latest report only had “vague targets” and she wants to see better education and advice brought in. “Releasing annual reports with vague targets is simply not sufficient to tackle our spiralling personal debt…

Research found that nearly half of new homeowners could only survive six months of mortgage payments if they lost their income, but this could get worse thanks to rising bills and debt, the Post Office said. “First-time buyers tend to…

Homes, cars, weddings and new babies all add to debt, with Axa Wealth Management claiming that spending hits £32,441 at 34. “While 34 was on average the most expensive year in life for all Britons, this study demonstrates that people…

According to the bureau, prices are on average 60 per cent more than in 2003, leaving many in debt as they struggle to pay bills just to survive. “This is the latest in a series of price increases hitting people…

With the Alliance & Leicester expanding into the market with its Premier Mortgage Service, credit reference agency Equifax said it was a sign that there is a growing market of mortgages for people in debt. Commenting on the decision, Equifax…

Anne Kiem, head of wider financial learning at the school, claims that plans to introduce financial education in schools needs to be improved and called for it to become a separate subject. “Plans to make financial education part of the…