News & Related Stories

Mortgage lending falls while unsecured debt is repaid
27 July 2010
According to the latest figures from the British Bankers` Association (BBA), mortgage lending by the major UK banks fell in June, while more unsecured debt was repaid than taken on, the BBC reports. ... >>

Energy debt statistics raise concerns
26 July 2010
According to uSwitch.com, statistics on energy debt and disconnections from Ofgem `raise growing concerns about the affordability of energy in Britain today`, headlinemoney.co.uk reports. ... >>

Rising cost of living puts pressure on people in debt
23 July 2010
Average costs of living have increased by £642.12 in the last 12 months, according to research from Confused.com - adding to the financial pressure on struggling borrowers. ... >>

Britons taking on debt to pay for holiday
21 July 2010
Research by moneysupermarket.com has found that more than five million Britons heading on holiday abroad this summer plan to take on debt to pay for their trip by using their credit card, headlinemoney.co.uk reports. ... >>

New proposals to ensure people can afford mortgage debts
20 July 2010
The Financial Services Authority (FSA) has outlined proposals to make sure borrowers can afford to repay their mortgage before taking the debt on. ... >>

`Debt, divorce and death` strain family finances
20 July 2010
An article in the Guardian highlights how the financial costs of the `3Ds` - debt, divorce and death, can `put enormous strain on families`. ... >>

Bank of England: second `credit crisis` on the way
17 July 2010
The Bank of England has predicted the first contraction in the supply of credit since the height of the financial crisis. ... >>

`Era of debt-financed consumer spending` is over
16 July 2010
The `era of debt-financed consumer spending is over`, according to Tim Moss of moneysupermarket.com. ... >>

Over ten million people `get into debt to fund holiday`
16 July 2010
32% of adults going away this year are getting into debt to fund their summer holiday, research from Bright Grey has found. ... >>

Differences in debt - insolvency figures per region
16 July 2010
Today, personal insolvency levels are at a record high as people struggle to cope with record levels of personal debt and the many problems caused by the financial crisis. ... >>