UK Debt

The Magic Men Making Us Broke

Vivi Friedgut | Posted 12.08.2014 | UK Lifestyle
Vivi Friedgut

Companies design for planned obsolescence - so that products breakdown forcing us to buy more and more often. But it was us that created psychological obsolescence. We want the newest, shiniest whatever the second it is available regardless of whether the slightly older, slightly less shiny thing is still working perfectly or is in no way demonstrably inferior.

Payday Lenders Target Debt-Ridden Families With New Nuisance Tactic

The Huffington Post UK | Asa Bennett | Posted 22.07.2014 | UK Politics

Payday lenders are "bombarding" debt-ridden families with unsolicited marketing calls pushing them to take out more loans, new research has found. ...

Will The Payday Loan Cap Actually Change Anything?

The Huffington Post/PA | Posted 15.07.2014 | UK Politics

People using payday lenders are to see the cost of borrowing fall significantly under a crackdown announced by the financial regulator today, but crit...

Wonga To Axe These Puppets In Bid To Stop Attracting Children

The Huffington Post UK | Asa Bennett | Posted 14.07.2014 | UK

Wonga's grandparent puppets, stars of the controversial payday lender's recent adverts, are to be axed as part of the firm's attempt to avoid "anythin...

This Watchdog Fears We Could Be In For Another Financial Crash

The Huffington Post UK | Asa Bennett | Posted 14.07.2014 | UK Politics

The global economy could be even more vulnerable to a financial crisis than it was back in 2007 due to the high levels of debt and markets' over-relia...

Big Banks Are Threatening People With Dodgy 'Wonga-Style' Lawyers

The Huffington Post UK | Asa Bennett | Posted 04.07.2014 | UK

Britain's biggest banks are hitting customers with legal threats from what appear to be independent lawyers, but are actually names used by the bank's...

Police Could Get Onto Wonga Over Fake Legal Letters Bullying Debtors

The Huffington Post UK | Asa Bennett | Posted 27.06.2014 | UK Politics

Wonga could face a criminal investigation after it emerged that the payday loans giant had sent "thuggish" legal letters from fake law firms to threat...

Wonga To Pay Millions For 'Unfair' Hassling Of Customers

The Huffington Post UK | Asa Bennett | Posted 25.06.2014 | UK Politics

Controversial payday loans giant Wonga will have to pay around 45,000 customers more than £2.6 million in compensation for "unfair and misleading deb...

You May Be Spending Too Much To Stop People Thinking You're Stingy

PA | Posted 24.06.2014 | UK

Fears about appearing "stingy" in front of friends and family are helping to plunge people into over £1,000 worth of debt which is purely related to ...

From Mindlessness to Mindfulness

Sharon Bull | Posted 12.08.2014 | UK Lifestyle
Sharon Bull

For years I allowed myself to believe material things were the key to happiness, love, admiration and friendships. I wanted people to respect me, believe in me and see me as the confident and vivacious woman that I truly didn't believe I was. Credit cards were like gifts from heaven as they hit the floor by the letterbox and the more I had in my purse, the better I would feel.

It's Time to Make the Government's Child Poverty Strategy Count

Matthew Reed | Posted 23.07.2014 | UK Politics
Matthew Reed

Child poverty is simply unacceptable and is damaging children's lives. Much more is needed to meet the government's commitment to end child poverty by 2020. By taking the actions we are calling for, the government would make a significant start towards achieving this goal and improving the lives of millions of children.

Shedding Money Worries and Unleashing Your Creative Beast

Martyn Sibley | Posted 03.07.2014 | UK Lifestyle
Martyn Sibley

Unless you don't follow me on social media or you live in a cave, you'll know that I'm staying in Spain for a few weeks. Beyond the sun, sea, culture, language and everything else I love about this country; it has also marked some very significant aspects of my life.

If The UK Is Recovering, Why Are 15 Million Still 'Living On The Edge'?

The Huffington Post/PA | Posted 10.04.2014 | UK Politics

Around 15 million people are "living on the edge" despite the improving economy, a report by a debt charity has warned. Stepchange said that these ...

Household Finances on the Edge

Peter Tutton | Posted 09.06.2014 | UK Politics
Peter Tutton

Our major survey of British family finances finds that 15 million people are already showing signs of financial difficulty, 13million wouldn't have the savings to keep up with their essentials bills for a month if their income dropped by a quarter, and 16million would consider using unsecured credit to keep up with essentials.

The UK Is £100bn More In Debt Than Osborne Tells You

The Huffington Post UK | Asa Bennett | Posted 08.04.2014 | UK Politics

George Osborne's austerity message is set to be dented by the government's own statistics body, as it prepares to adopt new calculations that mean the...

Government-Backed Helpline For Debt Problems Charging Up To 41p A Minute

The Huffington Post UK | Posted 06.04.2014 | UK

A helpline for people needing advice on money troubles, debt and benefits is charging 41p a minute, according to reports. The Citizens Advice Burea...

What Sugar Daddies Taught Me About Student Debt

Michelle Gleaves | Posted 01.06.2014 | UK Universities & Education
Michelle Gleaves

More needs to be done to help students who are unable to cope financially to prevent them resorting to such drastic measures. It is possible women are being forced into, what is essentially, the sex industry by their lack of money and ability to fund their education.

What's the True Impact of Debt?

Jo Salter | Posted 26.05.2014 | UK Politics
Jo Salter

Debt is only as bad as the harm that it causes, which is why the Demos report out today has created a 'Harm Index' measuring the impact of debt. It suggests ways that debt support should be tailored to the individual struggles individuals face, and also argues that lenders who cause the most harm face stronger penalties.

Here's Why You're Much More In Debt Than You Think

The Huffington Post UK/PA | Posted 27.03.2014 | UK Politics

Rent, council tax and utility bill arrears often have just as damaging an impact on people as payday loans, according to a new 'harm index' designed t...

More Brits Are 'On The Edge Of Losing Their Home'

The Huffington Post/PA | Posted 24.03.2014 | UK Politics

Citizens Advice is seeing increasing cries for help from people who are on the edge of losing their home, despite the improving economy. During 201...

Osborne Is 'Taking Us Back To A Debt-Fuelled Economy'

The Huffington Post UK | Asa Bennett | Posted 19.03.2014 | UK Politics

George Osborne told MPs in his Budget that the country "borrows too much and saves too little" as he announced a new individual savings account that w...

Osborne's 'Smoke And Mirrors' Over Welfare Cap

The Huffington Post UK | Asa Bennett | Posted 19.03.2014 | UK Politics

George Osborne's decision to cap spending on benefits in the next parliament at £119 billion has been dismissed as "smoke and mirrors", by a leading ...

'Stop Payday Loans' Says Ex-Dragon Theo Paphitis

The Huffington Post UK | Asa Bennett | Posted 14.03.2014 | UK Politics

Former Dragons' Den star Theo Paphitis has hit out at "morally bankrupt" payday lenders and called for them to be outlawed. Writing on Twitter, the...

6 Shocking Things You Wouldn't Believe Payday Lenders Have Done

The Huffington Post UK | Asa Bennett | Posted 13.03.2014 | UK Politics

Payday lenders have spread so far across Britain's high streets that there is now one lender for every seven banks and building societies. The shoc...

My Moral Obligations to Non-existent Debt

Scottee | Posted 07.05.2014 | UK Lifestyle
Scottee

I'm being asked to pay back £1000 to a bank that has reportedly contributed to the national, if not global financial crisis, a bank who sold dead debt to profit from it. Who has the moral obligation to payback?