Debt increases by 50 per cent in a year for typical family

The typical amount of debt owed by a family has soared by almost 50 per cent when compared to this time last year.

According to insurance company Aviva Family Finances, in January …
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Former Aston Villa star Lee Hendrie declared bankrupt

Former England and Aston Villa footballer Lee Hendrie has been declared bankrupt.

A petition for bankruptcy was brought against the 34-year-old midfielder by HM Revenue and Customs on December 19, the …
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Fraud hits record levels in 2011

Unemployment and inflation blamed as fraudsters feel they “have no choice”.

Britain’s economic woes have contributed to record amounts of fraud, figures from the UK’s Fraud Prevention Service have shown.

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Families add £2,500 to their credit card debts

Families have added another £2,500 to their credit card and personal loan debts in the space of a year as they struggle with high living costs, a report has warned.

Payday loans 'sucking money' from poor

Companies that offer short-term loans at high interest rates have been accused of “sucking money” out of poor communities by Welsh assembly members.

The Welsh government was urged to work with councils …
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Payday Loan Companies We Currently Help With - Payday Loan Debt Directory

A payday loan is a small, short-term loan. These are often approved immediately and the funds deposited into an account within a short space of time, often as little as an hour. With …
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UK Debt Statistics - January 2012

UK Personal Debt

Outstanding personal UK debt stood at £1.451 trillion at the end of November 2011. This is down from £1.455 trillion at the end of November 2010. Individuals …
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Welfare reform: Lords bid for benefits cap concessions

Church of England bishops and Liberal Democrat peers will join to try to win concessions when the House of Lords votes later on a benefits cap.

Ministers are proposing an annual …
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Child benefit changes Q&As

Child benefit is claimed by nearly all families with children, regardless of their income.

It is one of the few non-means-tested benefits left, but Chancellor George Osborne has announced it will …
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Child benefit reform could be 'hugely complex'

Plans to stop child benefit next year for families with a higher-rate taxpayer could be “hugely complex”, a tax body has warned.

The Low Incomes Tax Reform Group (LITRG) says the …
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