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Debt News Stories

Are you a credit unicorn, or a credit donkey?

21st November 2018 Before you apply for a credit card, mortgage or loan, you’ll want to do what you can to maximise your chances of getting accepted. An important part of this process is finding out what your credit score is. Read More...

Talk Money Week: only 19% use free debt advice

14th November 2018 This week marks Talk Money Week, where providers and debt charities have come together to help people open up about their financial situation. It seems this is highly needed, as research has found only 19% of Brits seek out free debt advice. Read More...

Nearly £19bn behind on bills

21st August 2018 Citizens Advice has estimated that UK households owe £18.9 billion in arrears to essential service providers and their local council. This household debt has now overtaken consumer credit as the key problem for which people seek out the debt charity. Read More...

FCA set to reform high-cost lending

31st May 2018 Following their implementation of a cap on payday loans, the FCA has today announced plans to tackle other high-cost debt. Their proposals include a possible cap on rent-to-own as well as some welcome help when it comes to overdrafts. Read More...

1 in 5 have put home on credit card

30th April 2018 Prepaid card provider icount has revealed that one in five Brits have had to use a credit card to pay their mortgage or rent over the last 12 months. With so many people falling behind, help would be appreciated. Read More...

25% of new parents turn to credit

27th April 2018 The royal family may not have to worry about covering costs during parental leave, but among the rest of us, a quarter of parents are turning to credit to cover their leave. This sees new parents rack up an average debt of £2,764. Read More...

40% struggle to make it to payday

07th February 2018 Credit card debt is taking its toll, as 40% of Brits are struggling to make it to payday, with 31% of these saying it’s due to credit cards. This is according to a report by the New Economics Foundation, which has called for more restrictions. Read More...

Don’t be stuck in a cycle of overdraft debt

06th December 2017 Banks are being called upon to end overdraft charges in an attempt to help those who are stuck in a cycle of debt, with research finding that over 2m people in the UK are facing such debt, and banks aren’t exactly helping matters. Read More...

Problem debt sufferers set to get breathing space

24th October 2017 Debt is a growing problem. Many borrowers find themselves trapped in a cycle they can’t escape from, which is why new plans announced by the Government to give debt sufferers breathing space couldn’t have come at a better time. Read More...

Credit card debt among over-55s hits 6yr high

11th October 2017 Credit card debt can impact all ages, but it’s perhaps when approaching retirement that it becomes particularly worrying, which is why it’s so concerning that the amount of credit card debt held by over-55s has hit a post crisis high of £1,052. Read More...


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