September 2011

One in four of us has 'bill phobia'

A new report from moneysupermarket.com reveals that just over a quarter (26%) of UK adults feel stress and anxiety when they receive their bills - and as many as one in five delays opening their bills as they are afraid Read more

Customers wary of debt, say banks

Customers repaid more than they borrowed in August. The latest lending figures from the British Bankers' Association (BBA) show that £100 million more was repaid in August than borrowed through loans, overdrafts or credit cards. The data Read more

1.8 million people facing summer holiday debts

Research from insolvency trade body R3 suggests that 1.8 million Brits took on debt to pay for their summer holiday this year. Many people have now come back from holiday to face months of debt repayments. The research Read more

Unemployed can face 'severe debt problems'

Last week, we reported the number of people without work in the UK is 2.51 million. Over the three months to July, youth unemployment rose by 78,000 to 973,000. Losing your job can seriously affect your finances, especially if Read more

UK unemployment rises to 2.51 million

The latest official unemployment figures from the Office for National Statistics (ONS) reveal 80,000 more people in the UK became unemployed in the three months to July. The sharp rise in unemployment is the biggest for nearly two years, as Read more

Adults 'bailed out' by mum and dad

Over 13 million parents paid out an average £2,480 to their adult children in 'loans and gifts' over the last 12 months, totalling £34 billion. The Guardian reports that parents spent £2.2 billion paying off their adult children's Read more

OFT guidance could help borrowers in 'unfair relationships'

The OFT (Office of Fair Trading) has updated its guidance on 'unfair relationships' between lenders and borrowers. The guidance was last revised in May 2008 - and the OFT has published guidance on 'irresponsible lending' since then. Read more

Winter fuel: Welsh pensioners face '£35m black hole'

Pensioners in Wales could face a £35 million 'black hole' this winter after a 'lifeline' fuel payment has been reduced, WalesOnline reports . A Government decision, announced in March's Westminster Budget, to stop paying temporary top-ups to the Read more

UK growth at risk from current debt levels

The 'world's oldest international financial institution', the Bank for International Settlements (BIS), submitted a paper at the Jackson Hole summit which shows that the UK's level of debt is in danger of affecting economic growth. Three kinds of non-financial Read more

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