The number of individuals turning to payday loans to keep them afloat until their next pay-cheque has quadrupled over two years, according to the Citizens Advice Bureau.
Payday loans are attractive to some because they are a quick way of gaining short-term credit, however the charity is concerned that is has
£14,000 was fraudulently taken out of glamour model Katie Price’s bank account after an impostor wearing a blond wig and sunglasses managed to convince staff at an HSBC branch that she was the star.
Katie, 33, only found out about the fraud after three of her credit cards were declined during a shopping trip in Brighton.
After complaining to her
The Prime Minister yesterday retreated from his plans to tell the public to pay off their credit card and store card bills after previews of his Conference speech were criticised.
David Cameron dropped calls to pay off debt, after members of the public protested that those in the red simply cannot afford
UK Personal Debt Statistics October 2011
334 people every day of the year will be declared insolvent or bankrupt. This is equivalent to 1 person every 59 seconds during a working day. 1,391 Consumer County Court Judgements (CCJs) were issued every day during Q2 2011 and the average