Although the number of people suffering from debts is increasing across the UK, one debt solution charity suggests that certain problems peculiar to Scotland mean that the numbers of debtors north of the border are continuing to rise at a…

New research suggests that rising levels of debt will change people’s spending habits, forcing many to lease goods rather than purchase them. The Future Laboratory states that the trend originated in the US but will soon catch on in UK…

The Consumer Credit Counselling Service (CCCS) has issued advice to consumers who might be heading to the January sales following a heavy Christmas spend. It says that there are certain warning signs people should watch out for, which might indicate…

Which?, the consumer watchdog, recently released advice to borrowers on ways that consumers can make the right decisions when borrowing money. The guidance comes as shoppers head out to the January sales, having already possibly spent a lot during the…

According to James Ketchell, spokesperson for the Consumer Credit Counselling Service (CCCS), the fact that in-house figures which show credit card borrowing to have fallen since August is a good sign. “We have seen since August last year that overall…

This warning from Moira Haynes, spokesperson for Citizens Advice, comes as consumers make a decision about how much money to spend in the January sales and whether they need to take out credit. Ms Haynes remarked that lenders ought to…

According to Which?, a cheap way of borrowing money is to take out an unsecured personal loan, as they often have some of the lowest interest rates on the personal credit market. As well as being a good source of…

According to the Bank of England (BoE), lending to individuals in November grew by £1 billion, slightly down on October’s increase of £1.1 billion. Net credit card lending rose by £0.2 billion in November, while other loans and advances grew…