UK Debt

Who'll Spend The Most On Christmas Gifts This Year?

The Huffington Post UK | Asa Bennett | Posted 13.12.2013 | UK

Scots have defied their spendthrift stereotype as a new survey has found they are set to be the biggest spenders on Christmas presents in Britain, spl...

Have You Danced With the Devil? The Real Alternatives to Payday Loans

Sarah Willingham | Posted 26.01.2014 | UK
Sarah Willingham

Apart from maybe the big six energy companies, I don't know any type of business which gets more bad press than payday loan companies. Anyone you speak to - in the pub, on the school run or in the office - has an extremely negative view of them, yet as much as £1.8 billion is being lent a year by payday loan companies and some (yes you Wonga!) have interest rates as high as 5,853% APR. Disgraceful!

Has Debt Become the Norm in Britain?

Megan Hughes | Posted 25.01.2014 | UK Universities & Education
Megan Hughes

In a time of economic crisis, it is understandable that many families hit by financial hardships build up sometimes crushing levels of debt. This is often the only option for single-parents or low-earners, particularly those without strong familial ties to their own parents and relatives...

We Will Limit Cost Of Payday Loans, Treasury Pledges

The Huffington Post UK | Jessica Elgot | Posted 25.11.2013 | UK

The Government is to announce it will cap the cost of payday loans, after damning new statistics showed more than 60% are offered without proper check...

£1,430,000,000,000

The Huffington Post UK/ PA | Posted 23.01.2014 | UK

Millions of families are on the brink of financial collapse, a worrying new report has shown. Many do not have enough money to cover their rent or ...

Selling Off the Loan Book Would Be the Government's Most Outrageous Attack on Students, So Why Aren't the NUS More Concerned?

James Elliott | Posted 23.01.2014 | UK Universities & Education
James Elliott

What could be more outrageous than the undemocratic trebling of tuition fees, or the fundamentally anti-working class policy of scrapping EMA, denying thousands of poorer students their chance at further and higher education? After the attacks on FEs, raising fees for adult learners and axing half a million places, where could the coalition sink to next?

How Many Will Need Payday Loans To Cover Christmas?

The Huffington Post UK | Asa Bennett | Posted 01.11.2013 | UK

More than one million people plan to take out a payday loan to cover the cost of Christmas, research by a Government-backed Money Advice Service has f...

The Harm Caused by Nuisance Calls and Texts

Peter Tutton | Posted 28.12.2013 | UK Tech
Peter Tutton

These types of calls and messages have the potential to cause serious harm. Our research shows that 3.2 million British adults have been left afraid to answer the phone as a result of unsolicited marketing calls and text messages.

Families Struggle With Cost of Looking After Homes

David Holmes | Posted 06.12.2013 | UK
David Holmes

Low income families are penalised by the poverty penalty that forces them to pay more for essential goods and services, because they are so often excluded from mainstream credit. This creates a cycle of debt and poverty, making it much harder for people to run a home, or in extreme circumstances, leaves them unable to afford the absolute basics such as beds and fridges. Unsurprisingly, the poorest and most vulnerable families are most likely to suffer from living in what are effectively "broken houses".

Robbing Peter to Pay Paul

Rob McDowall | Posted 23.11.2013 | UK Politics
Rob McDowall

Payday Loans have become a hot topic and a regular feature in the British press week in, week out. The market has grown significantly and although the Office of Fair Trading (OFT) have no official figures on exactly how much the sector is worth it estimated it at around £900 million in 2008 with Consumer Focus estimating the total value of loans made in 2009 at £1.2 billion.

How To Recover Emotionally From Debt

Kate Northrup | Posted 20.08.2013 | UK Lifestyle

More than half of us are still struggling financially, as we continue to cope with the aftershocks of the double-dip recession. So, if you are wor...

Caroline Frost

Clarke's Fears For 'A Fortnight's Savings' If Mortgage Rates Rise

HuffingtonPost.com | Caroline Frost | Posted 07.08.2013 | UK Politics

The country isn't prepared for a rise in interest rates, as most people have only "two weeks' savings" to rely on before they are plunged into financi...

Mercenaries, Loan Sharks and Exploitation: The Blueprint of Success for the 21st Century Entrepreneur

Marko Kasic | Posted 04.10.2013 | UK
Marko Kasic

As it turns out, most real entrepreneurs never tried to be entrepreneurs. They just set-out with a passion which often became an obsession to achieve their goal of adding-value through a new idea.

Spend Less, Save More and Be Happy by Setting and Achieving Financial Goals

Alex J. Campbell | Posted 05.10.2013 | UK Lifestyle
Alex J. Campbell

The current 'see it, buy it' credit card culture has meant that for many people financial goals no longer exist. However, many major financial commitments such as buying a property, saving for retirement or investing in your business can't be paid for by credit card and take real planning and dedication to save for.

Are Banks Making It Harder to Borrow Just as Payday Loans Get Easier?

Alistair Niederer | Posted 29.09.2013 | UK
Alistair Niederer

The criticism is unfair because it always focuses on the APR. Companies like Wonga offer a very specific product, which is fast cash for a short period of time. The media uses the APR rate as a comparison, but APR doesn't work very well when loans are quoted over a short period of time.

My Shopping Obsession

Harriet Williamson | Posted 29.09.2013 | UK Universities & Education
Harriet Williamson

I browse for clothes online every day and go into town to look for new items twice a week. I have at least sixty dresses. I'm also a student. If there's a rehab for clothes addicts, I'm definitely checking in.

UK Needs Seven Million More Migrants Over Next 50 Years To Keep Down Debt

PA/ The Huffington Post UK | Posted 18.07.2013 | UK

Britain needs seven million migrants over the next 50 years to help keep down national debt levels, according to the official forecaster. The Offic...

Young and Successful but Will I Ever Be Able to Afford a Mortgage? Unlikely

Jessica Rose | Posted 15.09.2013 | UK Politics
Jessica Rose

It's currently easier to run a successful business than it is to buy a flat as a young person starting out on the property ladder. A 10% deposit of £20 or £30 grand just isn't realistic for those on average incomes, nationally £26k a year.

'Zombie Firms Will Be Killed Off By Interest Rate Surge'

The Huffington Post UK | Asa Bennett | Posted 15.07.2013 | UK Politics

Many “zombie” businesses are still alive due to the low interest rates at which they can pay off their debt, Business Secretary Vince Cable has wa...

Lean Times

Sadie Brown | Posted 09.09.2013 | UK Lifestyle
Sadie Brown

Earlier today I committed the ultimate beauty regime shame; I shaved my legs. I'm appalled at myself reaching this all time low in the sexy stakes. Waxing is the only way. But as I rinse out the razor in my private shame, I have to face it: I'm in lean times.

Mehdi's Morning Memo: All In This Together? Come Off It

Huffington Post | Mehdi Hasan | Posted 11.07.2013 | UK Politics

The five things you need to know on Thursday 11 July 2013... 1) ALL IN THIS TOGETHER? COME OFF IT Whether or not you agree with the guys and gir...

Can You Live Your Life Without Debt?

Daley James Francis | Posted 03.07.2013 | UK Lifestyle
Daley James Francis

As soon as the country falls into the mess of recession, that's when the prudence comes in, but by then it's too late. We're used to getting what we want when we want it in this country, and we've provided our own undoing as a result by living beyond our means.

The Desperate Customers Struggling With FIVE Payday Loans

Posted 25.06.2013 | UK

Payday loan debts have rocketed by almost 50% in some areas - and thousands of people have taken out five or more at some point. StepChange said th...

Are You Buying Stuff Cecause of Low Self-Esteem?

Vivi Friedgut | Posted 23.08.2013 | UK Lifestyle
Vivi Friedgut

Financial freedom is not a Pollyanna'ish vision of a lifestyle bereft of funds, nor is it the idea that one can easily generate sufficient passive income to fund a desired lifestyle without having to do any actual work. It is the idea that you can live without financial fear, without debt feeding your sleep with nightmare.

Child Refused School Lunch Over Parent's £1.75 Debt

The Huffington Post UK | Posted 12.06.2013 | UK

A furious parent has hauled his two children out of school after dinner ladies refused his son lunch because of a £1.75 debt. Gary Lynn, who also ...