Last week, Lloyds TSB announced that while it was on course to deliver a strong set of results for the half-year, that mounting consumer bad debt was still a big problem for UK banks. “As indicated in our 2005 preliminary…

While people may have an application for bankruptcy accepted, it does not mean it is the correct way out of debt. Other options, such as an Individual Voluntary Arrangement (IVA) can be much more suitable. People struggling with bad debts…

Following the recent research by Prudential that said that many pensioners are surviving on what equates to an average annual income of less than £5,000, the Consumer Credit Counselling Service (CCCS) has said that the level of debt for those…

In fact, according to the Consumer Credit Counselling Service (CCCS), the number of people in extreme debt has more than doubled in the year from 2004 to 2005, with 2.7 per cent of the CCCS’ clients owing £100,000 or more.…

Those heading into retirement are doing so with a debt burden hanging around the necks as more of their income is diverted towards paying for the essentials. As a result, some are being forced to take drastic measures, with five…

Different factors such as average income, unsecured debt, savings and mortgage balances were compared across England, France, Italy, Germany and Spain. While the English can boast the highest wage earners and also the highest level of deposit savings, they ranked…

PPI has been widely criticised in recent months for failing to provide value for money, only increasing the amount of money that consumers have to pay and not providing sufficient protection in the event of something going wrong. But the…

Inflation currently stands at 2.2 per cent, two points above the BoE’s inflation target, prompting many to speculate about an impending interest rate, which would harm those with credit card and loan debts. However, Jonathan Said of the Centre for…