debt

Surge in payday loans raises concerns about consumer debt

There has been a sharp jump in the number of payday loans, raising concerns about rising consumer debt.

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Ban on overdraft fixed fees planned by regulator in a "radical" crackdown on banks' punitive charges

Banking customers will no longer be shown daily or monthly fees for overdrafts in a new crackdown by the financial regulator the Financial Conduct Authority (FCA).

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'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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