More British people will declare themselves bankrupt or take out an Individual Voluntary Arrangement (IVA) in the coming year, according to 70 per cent of insolvency practitioners.
A total of 68 per cent expected an increase in the next six months, the survey by R3, published by the Press Association, found.
A third of those questioned […]

Household energy bills will rise by 15 to 20 per cent in September, comparison site Xelector has said.
A further increase of 20 per cent is also predicted for early next year.
Commenting on the findings, financial website Fool.co.uk has recommended homeowners contact their energy providers and cap their tariffs to avoid “punishing” costs.
It also […]

People have been urged to put money aside for an uncertain financial future, but many are unaware of the effects inflation and tax may have on their savings, a new study has shown.
According to NS&I, nine per cent of people have no understanding of inflation, while nearly a third (31 per cent) said they knew […]

The annual percentage rate (APR) has gone up on nearly a third of credit cards in the past year, new research has shown.
Moneysupermarket said some of the big credit card companies – Egg, Lloyds TSB, Capital One, MBNA and Barclaycard – have increased APRs for existing customers. For example, 11 per cent of Egg customers […]

Using a credit card to withdraw money from cash machines could accrue debt, new analysis from Money Expert has revealed.
The average annual percentage rate (APR) imposed by credit card companies for not clearing balances built up by ATM use now stands at 25.3 per cent – a rise from 21.27 per cent since November […]

More than 2.5 million British adults will get into debt after taking holidays this year, Credit Expert has said.
The figure is twice as high as last summer.
Experion’s credit monitoring service also said a quarter (24 per cent) of adults are scrapping their holiday plans for this year – 43 per cent of which are […]

Please help us. ReallyWorriedAboutDebt.co.uk and ClearDebt are actively working to get better treatment by the banks and credit card companies for those people who are worried and caught up in debt.
To highlight this issue in the media, we are looking for people who are willing to be case studies.
Being a case study could entail telling […]

More people are seeking professional advice about their finances, an expert has said.
Independent financial advisory company ADDIDI Wealth has said the government’s attention to financial management has resulted in more people asking for help compared to ten years ago.
This may suggest people with debt management issues are more open to discussing solutions with […]

Equifax has said “apathy and ignorance” about credit files and their effect has meant people are being declined loans without knowing why.
The credit crunch means less money for lenders to offer customers and more stringent lending criteria has been imposed, resulting in fewer people being able to credit.
However, Equifax has said the criteria have […]

English people in need of medication are in danger of getting into debt to pay for it or are not purchasing prescriptions at all, Citizens Advice has suggested.
Prescriptions are free in Wales are plans are in place to remove the charge in Scotland from 2011, yet patients in England are yet to receive news […]