Beccy Boden Wilks of the Money Advice Trust suggested that because lenders adjust interest rates according to the reliability of each borrower those with a recent record of failure will have to pay more to compensate for becoming a greater…

Statistics from the Council of Mortgage Lenders (CML) latest mortgage report show that homeowners paying for their property through mortgages have brought their combined total of debt near to the ten-digit figure. But despite the increase the report points out…

The Commons Public Accounts Committee believes that the HMRC paid around £2.2 billion too much during the 2004 to 2005 period, the same amount as during the scheme’s first year in the previous tax year. “An element of overpayment to…

Following a survey of the country’s financial advisers, the Pru believes that a pension plan, a spot on the housing ladder and the beginnings of personal savings should all be underway before we turn 30. The majority of advisers believe…

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…