Recording a dramatic leap in the debts it has negotiated on behalf of its clients in Ely during the past year, the Ely CAB says local families are all paying the price. In total debts now amount to £3 million,…

The event, which is to be held at the London School of Economics, will be the first time that researchers reveal the correlation between growing up poor and suffering from debt and poverty in middle age. As the trend is…

uSwitch.com found that taking out an HSBC loan could cost more than £1,000 extra in interest compared to the same loan from a different lender, such as Direct Line. Overall, there are 13 lenders offering customers personal loans with a…

This is higher than the February’s figure of £4.7 billion, and also above the previous six month’s average of £4.9 billion. Meanwhile, unsecured personal lending has fallen by £0.4 billion, according to the latest figures from the major British banking…

uSwitch.com, which published the figures, found that hidden costs and add-ons are responsible for the extra payments, which are further compounded by charges from foreign traders. Nick White, head of personal finance at uSwitch.com, said that consumers could avoid these…

Des Browne confirmed that the money would be used to support those who need it most, as part of a new Financial Inclusion Taskforce campaign. He said he was “delighted” to be able to offer the funds that would be…

The group, which includes internet bank Smile, Co-op bank and the Co-operative Insurance Society, said that the increase occurred due to “unprecedented” levels of credit card debt as well as other borrowing for some customers. Now the group has told…

Neelie Kroes, the competition commissioner at the EU, delivered the interim findings of an EU inquiry into the industry and called the fees “outrageous”, targeting dominant brands in the market, as well as banks, with her comments. She said: “What…