Data from HBOS suggests that consumer savings are set to top the £1 trillion barrier for the first time this year. This figure matches that of the collective total for household debt, with researchers from HBOS suggesting that Britons are…

Neil Munroe, external affairs director for Equifax, states that for many people bankruptcy is the only way out of debt. His comments follow an Equifax survey stating that 56 per cent of respondents believe that it is not fair for…

Research from Axa suggests that about a third of Britons refuse to plan their finances at all, with those who do look at them only spending five minutes a week doing so. The provider states that by increasing time spent…

About one in ten people believe that lenders will not look at a person’s credit history when deciding whether to issue loans. However, evidence of missed repayments stays on a credit record for about three years and is used by…

Angela Knight, chief executive officer of the British Bankers’ Association, states that banks remain willing to accept the new voluntary code, which is to be introduced by the end of March. The code is set to cover charges, the quality…

A survey from the Confederation of British Industry has found that 30 per cent of banks and more than three-quarters (78 per cent) of businesses are to see a rise in the number of bad loans in the first three…

January is traditionally the time of year when debt counsellors are most busy as consumers are faced with hefty bills following large Christmas spends. Nisar Afsar, a debt advice coordinator with the Family Welfare Association, says he has been taking…

Research from Norwich Union suggests that Britons’ zeal for a bargain as they flock to the shops for the January sales could risk them encountering serious debt. The data states that 55 per cent of shoppers are proud to boast…