Stepchange
What support is available to ease the strain of dealing with debts?
With Debt Awareness Week running from March 18 to 24, here is a look at the impact of financial problems and where you could get help.
FCA finds significant increase in number of people buying now and paying later
The regulator said it wants to ensure that consumers, particularly those in vulnerable circumstances, have adequate protections.
Ovo joins calls for overhaul of household energy standing charges
Ofgem recently announced that firms can raise standing charges from 82p a day to 83p from October 1.
Charities warn over adverts promising ‘quick fixes’ for debt problems
Some adverts may mimic the branding of debt help charities or push people towards solutions that could worsen their problems, charities said.
45% of mortgage holders finding it difficult to pay bills, charity warns
Two-fifths of mortgage holders are showing at least one sign of financial difficulty, according to a YouGov survey for StepChange.
Charities call for ‘help to repay’ scheme for household energy debt
An estimated 5.5 million UK adults are behind on their energy bills, according to a survey for the Money Advice Trust.
Jump in credit card borrowing due to higher prices and approach of Christmas
UK households piled an additional £1.2 billion on to credit cards as living costs increased and Christmas approached - marking the highest amount since 2004.
One in five expect to be driven into problem debt this year, says charity
ONE in five people (21 per cent) believe external financial pressures will drive them into problem debt this year, according to a charity.
Worried about festive finances? Five expert tips to avoid a Christmas debt hangover
1. Set a budget and stick to it: It can be difficult to resist falling into the 'generosity trap', spending money we can't really afford because we want to treat our loved ones to special presents, food, festive decorations and the whole works.