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UK’s debt savvy cities revealed in countdown

Birmingham has been named as the most ‘debt savvy’ place in the UK according to a new countdown.

£20m year one target for new specialist peer to peer property lending platform

CrowdProperty has announced its launch with a target of £20million funds to be raised from private individuals in its first financial year.

Guides take on loan sharks

Girlguiding group has joined the fight against illegal money lenders and been rewarded for making a difference in their community.

Family lending helps Brits plug gap of household finances to tune of £31 billion

More than one in four (28%) UK adults have been forced to borrow money from family members, new research shows, and with the average amount borrowed by individuals standing at £2,123 the collective family lending economy is now worth around £31 billion.

Students consider leaving university as debt spirals

There has been a worrying uplift in students overall estimated debt – rising almost 14% to £19,217 compared to last year’s estimate of £16,909, according to the fourth annual Lloyds Bank Student Finance Report.

Brits at risk of spiralling debt

New research has revealed that adults across the UK are not prioritising their finances, with almost 90% of people saying they do not spend much time thinking about important financial decisions.

Debt advice works for nine out of ten over-indebted people

Debt advice works for nine out of ten people struggling with serious financial problems, according to the latest figures from the Money Advice Service.

1 in 5 former couples left with unsecured debts in joint names

A fifth of couples who split up in the last year share unsecured debts, new research has found.

£1.6bn lent to family members in past year

A third (33%) of people in the UK have lent money totalling £1.6 billion to relatives in need of financial assistance in the last year, new research has found.

Unsecured borrowing has never been so competitive

With many providers launching market leading deals on loans and credit cards in recent weeks, there has never been a better time to review your borrowing and make sure you are getting the most bang for your buck, according to analysis by MoneySuperMarket.

FCA says logbook lenders must raise standards

Logbook lenders that want to continue operating under Financial Conduct Authority (FCA) regulation will need to dramatically raise their standards, as research published lifts the lid on how these firms treat their customers.

1 in 10 concealing debts from their partner

The equivalent of 5.4 million people in the UK are hiding debts from their partner, new research has found.

Ikano creates even more spark for Tesco customers

Retail finance specialist Ikano Bank UK has announced that it has been appointed by Tesco to provide finance solutions for customers of the retailer's electrical division.

Logbook loans set to soar by 61%

The number of logbook loans taken out this year could soar to 60,000, up 61% from 2011 finds Citizens Advice.

Debt mountain set to rise for nine million UK households

While last month’s Budget indicated that things were improving for many, the situation is likely to worsen for the nine million households who believe their debts are going to increase, with them relying on credit to fund everyday spending for transport (8 per cent), insurance (6 per cent) and energy (5 per cent), according to research by MoneySuperMarket.