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Tag: Debt

Credit Card

Borrowers take advantage of cheap credit card and loan rates

Demand for credit cards and personal loans has rebounded since Covid-19 lockdown measures were eased, although more than a third of borrowers are ...
By FreetrialAugust 8, 20240
Savings accounts

Almost 8m overdraft customers to be worse off with FCA changes

Almost 8 million overdraft users will be worse off as a result of new rules coming into effect in April, the financial watchdog has said, ...
By FreetrialJuly 23, 20240
Credit Card

Buy now, debt later: how the lure of Klarna encourages young people to spend

Young people are taking on more debt and damaging their credit scores thanks to the availability of cheap and easy borrowing that encourages ...
By FreetrialJune 30, 20240
Mortgages Tips

Lloyds fined £64m for failing to support homeowners in arrears

Lloyds Banking Group has been fined £64m for failing to support customers who were struggling to pay their mortgage. About £300m in compensation ...
By FreetrialMarch 28, 20240
Credit Card

Return of the bailiff as banks hire hundreds to chase wave of credit defaulters

Banks are building teams of debt collectors in anticipation of a large wave of credit defaults once payment holidays and coronavirus state aid ...
By FreetrialMarch 18, 20240
Mortgages Tips

Threatening bank debt letters damaging mental health, charity warns

Threatening debt-chasing letters sent by banks to struggling customers risk damaging the mental health of the vulnerable, a charity has warned. The Money and ...
By FreetrialMay 10, 20230
Credit Card

Underage teens use Klarna to fund 'free money' shopping sprees online 

Teenagers have exploited a credit loophole to go on “free” shopping sprees, it has emerged. Klarna, Britain’s biggest “buy now, pay later” lender, ...
By FreetrialApril 14, 20230
Credit Card

‘Worst credit card deals for 13 years’ as banks fear rising consumer debt

The number of interest-free credit card offers has fallen to its lowest level in 13 years with banks shying away from the market ...
By FreetrialOctober 5, 20200
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