Loan News
Brits rack up debt to get away this summer
Over 10 million UK adults going away this year (32%) are racking up debt in order to fund this year's summer holiday, a new survey by Bright Grey has found.
Debt charity sees rise in renters worried about eviction
The UK's leading debt charity, the Consumer Credit Counselling Service (CCCS), has seen a dramatic rise in calls from people in rented accommodation seeking help with eviction.
Struggling debtors risk snowballing debts
More than four in ten (44%) individuals who freely admit to struggling with their debt have not sought advice because they do not believe that their problem is big enough to need help, according to research commissioned by R3, the insolvency trade body.
Desperate times push nearly 70,000 towards loan sharks
As many as 67,000, or 7%, of those struggling with debts say they have already contacted a loan shark or doorstep lender, while a further 13% have considered doing so.
OFT joins campaign to stop loan sharks
The OFT is taking part in a campaign to warn people of the dangers of loan sharks that charge exorbitant interest and use violence and threats to enforce debts.
Couples say ‘I don’t’ to credit cards and loans
Cost-conscious brides and grooms are getting creative to finance their big day without resorting to credit cards and loans, according to new research from cashback website Quidco.com.
Anonymity key to popularity of online debt counselling
Leading debt charity Consumer Credit Counselling Service (CCCS) says it believes that anonymity is the driving factor behind the growing popularity of its online debt counselling.
Unsecured lending rates increase despite low base rate
Independent financial research company Defaqto highlights the increased cost of unsecured loans.
Sharp rise in calls to debt charity’s helpline
Leading debt charity Consumer Credit Counselling Service (CCCS) has seen a sharp rise in calls to its helpline in the first three months of the year.
Brits return to borrowing ways
Brits are returning to their borrowing ways, as by Q4 2009 they were borrowing 62p for every pound that they saved, according to research from unbiased.co.uk.
Bailing out the Bank of Mum and Dad
Thirty one per cent of parents borrowed money from their kids at least once during 2009, according to research from personal finance product comparison website, money.co.uk.
Money Week – Increase your personal finance knowledge
The UK's leading debt charity, Consumer Credit Counselling Service (CCCS), is urging people to spend time filling the gaps in their personal finance knowledge during the National Skills Academy Financial Services' (NSAFS) Money Week.
Debt charity identifies insolvency gender divide
Men are more likely to become insolvent than women according to Consumer Credit Counselling Service (CCCS), the UK's leading debt charity.
2010 - Is debt on the rise again?
The latest 'Lending to Individuals' figures from the Bank of England revealed an increase in 'net lending' in the first month of the year.
CCCS offers free debt advice and support
As research published by comparison website moneysupermarket.com has found that ten percent of British adults live on their overdraft, a leading debt charity is calling on anyone who is permanently in their overdraft to seek help.