Wonga to cancel 330,000 customer debts

Thursday, 02 October 2014 | News

Payday loans firm Wonga has announced it will be writing off the debts of 330,000 customers in arrears of more than 30 days.

2.5 million use unauthorised overdrafts

Monday, 01 September 2014 | News

Around 2.5 million Brits have racked up high penalties and charges due to unauthorised overdraft fees in the past year, a new survey has revealed.

Scotland to launch 'Financial Health Service'

Friday, 08 August 2014 | News

Scotland is to launch a Financial Health Service to help people with money and debt worries as part of a 12-point plan to reduce the number of payday lenders.

Individual insolvencies rocket to record high

Tuesday, 29 July 2014 | News

Fears that a "personal insolvency storm" is gathering grew today as it emerged that the number of people using individual voluntary arrangements to become insolvent rocketed by a fifth to a record high in the second quarter...

Quarter of Brits in the red two weeks after payday

Thursday, 17 July 2014 | News

More than a quarter (27%) of Brits hit their overdraft just 17 days after payday, research has found.

Brits face 17 years of credit card debt misery

Tuesday, 08 July 2014 | News

On average Brits have £4,500 in credit card debt, which could take 17 years to pay off, according to new research.

Middle-class debt revealed

Friday, 13 June 2014 | News

Some 20% of Brits earning more than £31,000 a year are in debt to the tune of thousands of pounds, new research has revealed.

Debt charity sees jump in number of people seeking help

Tuesday, 10 June 2014 | News

The National Debtline helped people repay more than 150,000 different household debts last year - a staggering increase of more than 140% since 2007.

Debt leads to mental health issues

Monday, 12 May 2014 | News

A third of people have had their mental health affected by debt worries, new research has found.

Who has the highest level of personal debt in the UK?

Friday, 25 April 2014 | News

Residents of wealthy Bath have on average the highest amount of personal loan debt in the UK, according to new figures.