Leonard Jagne, 41, let his debt spiral out of control but rather than speak to authorities about his financial problems or the physical intimidation he let them continue, the Eastbourne Herald reports. East Sussex coroner Alan Craze said: “He was…

NatWest and the Royal Bank of Scotland are said to reward staff who persuade people to take out big loans and the controversial payment protection insurance (PPI). Teresa Perchard, director of policy at Citizens Advice, said “If staff know that…

George Rickman, brother of Debra Massimo, 46, hit out at the “breathtaking greed and stupidity” of Lloyds TSB for allowing his sister to run up a £9,500 debt when she only gets £138 a week in benefits. “The local branch…

With domestic gas prices having risen by 87 per cent since 2003, Energywatch claims that the poor are being forced into debt just to pay essential bills. Allan Asher, chief executive of Energywatch, said: “We need action now to ease…

With a ten per cent rise in the amount of credit card transfers being sought in July compared to June, the Debt Counsellors organisation is urging people to pay off their credit card bills. “There is a ‘want now, pay…

Nick White from the website urged other lenders to follow Natwest’s and the Royal Bank of Scotland’s example and stop the sending out of cheques. “Credit card cheques have long been regarded as one of the key contributors to bad…

Average balance transfers now stand at £2,933, Moneyextra.com claims, a staggering 10.6 per cent rise in debt on the month before. “Outstanding credit card balances have risen by almost 20 per cent since April and they’re set to rise further…

Annual Percentage Rates (APRs), interest rates, the length of the interest-free period, the minimum repayment and other debt charges are to be included in a bid to improve the credit industry’s reputation. “The launch of the credit card cheque summary…