debt

'Rent-to-own’ price cap planned - but households could still pay DOUBLE the cost of products in fees and interest

Rent-to-own retailers face a price crackdown after the financial watchdog proposed a cap on this type of high-cost lending. 

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Talk Money Week: nearly half of UK adults are hiding more than £4,000 of debt from their family and friends

Millions of adults in the UK could be sitting on a secret debt mountain that they are hiding from their family and friends, new research shows.

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Three million households are in debt to their energy supplier - and they owe £134 each on average

The number of households owing money to their energy supplier has increased by over 300,000 in the past year, new research shows.

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Vulnerable young people offered financial education cut their debts by 60% - while their peers see borrowing rise by 50%

Investing in the financial education of vulnerable young people has a dramatic effect on their financial wellbeing, new research has found.

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How does your money stack up against your peers? New interactive tool allows young people to compare their finances

While millennials are less likely to own a home than ten years ago, they are also less likely to be in debt, but how do you compare?

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UK grandparents have a total worth of £5 trillion - and half plan to pass wealth to their grandchildren

Despite grandparents having a total net worth of over £350,000 on average, a fifth are still not debt free, new research shows.

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Problem debt costing taxpayers £250 million a year

The growing level of problem debt is costing taxpayers almost a quarter of a billion pounds every year as well as having wider economic consequences, according to the National Audit Office (NAO).

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Households struggle to pay bills as demand for debt help hits five-year high

Demand for help with debt is expected to reach a five-year high as more families struggle to pay household bills, according to National Debtline.

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My Community Bank Wales collapse triggers £500,000 payout

The Financial Services Compensation Scheme (FSCS) has stepped in to repay members of My Community Bank Wales after the credit union fell into administration.

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Call for tougher bailiff regulation as household debt hits £19 billion

Citizens Advice is calling for better regulation of bailiff firms, as it estimates households are falling behind on essential bills by as much as £18.9 billion.

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