The Mail on Sunday reports that, as the number of personal insolvencies rises rapidly in the UK, many people in debt are being advised to take out individual voluntary arrangements (IVAs) or debt management plans (DMPs) that could be more…

The Economic and Social Research Council has estimated that the UK’s level of personal debt increases by around £1 million every four minutes, while the total figure topped £1 trillion for the first time in 2005, prompting concern from many…

Debt charities, including the Consumer Credit Counselling Service (CCCS) and Credit Action, have called on the well-known presenter to stop using her profile in the ads for the lender FirstPlus. They fear that Vorderman’s reputation as a Maths whiz could…

PPI covers loan customers in the event they are unable to earn enough money to meet their repayments, whether owing to an accident or loss of a job. However, online data comparison service Moneynet is advising borrowers that it is…

A survey carried out by Moneyfacts in April found that 83 per cent of almost 300 consumers expressed concern over the amount that banks routinely lend, while only just over half (54 per cent) said they trusted their own bank…

Under the new banking code introduced last month lenders are required to address the issue of responsible lending, with the British Banker Association (BBA) championing the changes. The move to self-regulate the industry is indicative of a wider willingness to…

Although it is not difficult to equate the enormous increase in online gambling with an growth in people seeking help to clear debt racking up on credit cards, US specialists are also warning of growing problems in internet and computer…

The Office of Fair Trading (OFT) has called for a cut in credit card operators’ charges after an investigation into the industry. Comparisons reveal that almost all mainstream credit providers charge £20 to £25 for late or returned payments and…