Household debt has shot up at the fastest pace since the recession as cash-strapped Britons borrow to fund their spending in the run-up to Christmas, a survey indicates today.
At the same time, job security has slumped and incomes have dropped at their fastest pace in more than two years.
One in every 111 households in England is in danger of eviction, according to research by housing charity Shelter.
The risk of eviction is much higher in cities and other urban areas, particularly London – the 12 local authorities with the highest rates of eviction risk are all in London, partly because
UK unemployment has hit a fresh 17-year high after the public sector shed thousands more jobs and the private sector failed to pick up the slack.
Youth unemployment held at a record high of over 1 million and the total number of unemployed people rose to 2.64m over the three months to
We recently wrote an article on Payday loans and comparable credit facilities. Unauthorised overdrafts are an alternative to payday loans but beware as these charge extortionate fees and interest.
The Consumer Finance Association is fond of quoting how much these cost compared to its own payday lender members’ charges, which gives you some
Retailers are reporting gloom and doom on the high streets of Britain, but there is still one sector that is expecting to do big business this Christmas: payday lenders.
Online lender Ferratum claims that more than 2 million people have already applied for payday loans, and Ian Porter, the company’s UK sales