Nick Lord, head of money advice at the charity, has said he is worried by the number of households unable to make mortgage payments. According to the Department for Constitutional Affairs, there was a 22 per cent rise in repossession…

The BBA also revealed that underlying net lending on credit cards grew by £0.1 billion, compared with a £0.3 billion decline in October. This is the first time in many months that BBA figures have not shown personal loan and…

The pressure to spend excessive amounts of money during Christmas and new year means that people are much more likely to face hardship at the start of 2007, according to Chris Tapp, from money education charity Credit Action. “The financial…

Through the new Payments Industry Association, access, innovation and governance in the cheque industry should be improved and benefit customers. Jonathan May, the Office of Fair Trading’s chairman of the Payment Systems Task Force, which is also involved in the…

In its report, the commission said that competition was stifled at the expense of customers, with unclear charges and restrictions, adding to the likelihood of consumers getting into debt. “A lack of clarity on charges and unduly complex charging structures…

Legal & General’s MoneyMood report claims that the UK is now in a “save” mode Claire Stracey, the firm’s director of customer marketing, commented: “Our research shows the MoneyMood of the nation has been in ‘save’ mode since the beginning…

According to a MoneyExpert report, the average rate of interest paid on packaged bank accounts equates to only 1.5 per cent once charges are considered, well below the Bank of England rate. While these premium deals claim to offer perks…

In the Axa poll, Britons spent £97.3 billion on holiday and new clothing accounted for much of this, even more than tours, excursions and car hire combined. Britain and Ireland were the most popular destinations, serving as the destination for…