Personal Debt

'It Only Helps Richer Graduates' Tory Plan To Slash Tuition Fee Interest Rates Slammed

The Huffington Post | Owen Bennett | Posted 11.09.2017 | UK Politics

Theresa May is reportedly considering cutting the interest rate of student loans in a bid to win back young voters. The Sunday Telegraph quoted a sour...

One In Eight Skips Meals To Get By, Shocking Poll Of Working Brits Reveals

The Huffington Post | Rachel Wearmouth | Posted 07.09.2017 | UK Politics

The scale of the wages crisis facing British workers has been laid bare with one in eight skipping meals to get by, according to a new mega poll. A d...

How Brexit Is Making Britain's Wounds From The Credit Crunch Worse

The Huffington Post | Jack Sommers | Posted 09.08.2017 | UK

Firefighter Mark Hunt has seen his pay stagnate, his National Insurance and pension contributions rise and the cost of nearly everything in his life r...

Poorest Students Leaving University With Debts Of £57,000, Say IFS

The Huffington Post | Jasmin Gray | Posted 05.07.2017 | UK Universities & Education

The government’s dramatic 2012 tuition fee changes made the poorest graduates better off - but subsequent reform has “more than wiped out” the b...

Poorest Students Leave University With The Most Debt Thanks To The Tories, Says Report

The Huffington Post | Owen Bennett | Posted 05.07.2017 | UK Politics

Students from the poorest backgrounds are leaving university with the most debt thanks to the Tories decision to scrap maintenance grants. New researc...

Household Debt Set To Reach Record High In First Year After General Election

The Huffington Post | Kate Forrester | Posted 24.05.2017 | UK Politics

Household debt is set to reach record highs during the first year of the new government, analysis shows. The Trade Union Congress (TUC) says unsecure...

Student Loan Interest Rates Soar For Millions Thanks To Brexit

The Huffington Post | Jasmin Gray | Posted 12.04.2017 | UK Universities & Education

Millions of graduates will be forced to pay more interest on their student loans thanks to Brexit, it has been announced. A rise in inflation followi...

'Treat Banks Like Pay-Day Lenders' Rachel Reeves Calls For A Cap On Overdraft Fines

The Huffington Post | Owen Bennett | Posted 05.02.2017 | UK Politics

Banks should be forced to cap unauthorised overdraft fines, a Labour MP will demand this week as she urges the Government to tighten up the law. Curre...

Why Millennials Are Actually Brilliant At Saving Money

Jen Barton | Posted 18.01.2017 | UK Lifestyle

Millennials get a bad rap and are sometimes thought of as irresponsible – especially when it comes to money. So it may come as a surprise that despi...

5 Habits Of The Uber Rich

Jen Barton | Posted 18.01.2017 | UK Lifestyle

While we often think of wealth as conspicuous consumption – flashy cars, fancy clothes, fast jets – the truly rich know that making money, and kee...

Low-Income Families Left Stranded As Concentrix Failed To Answer 62,000 Calls In One Month, Damning Report Finds

The Huffington Post | Martha Gill | Posted 19.01.2017 | UK Politics

Low-earning families were left stranded as a firm employed by the Government to help cut tax credit fraud left 62,000 calls unanswered in one month, a...

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.

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...

Are Payday Lenders 'Exploiting' Borrowers?

The Huffington Post/PA | Posted 25.01.2014 | UK

Payday lenders have been accused by Which? of "exploiting" borrowers who default on loans with over-the-top fees that raise the risk of them tipping i...

Charlie Thomas

Payday Loans Being Used To Pay For Bankruptcy Fees

HuffingtonPost.com | Charlie Thomas | Posted 06.02.2013 | UK

The doubling of the cost to become bankrupt in Scotland in the past six months has seen a surge in the most vulnerable Scots taking out payday loans t...

Study Reveals Savings Crisis In UK

PA | Posted 03.11.2012 | UK

Nearly a third of families have savings which will run out within five days if they are faced with a financial emergency, research has found. Some ...

Escaping the Stigma of Personal Debt

Joanne Wright | Posted 30.05.2012 | UK
Joanne Wright

With the economy remaining sluggish, it is no longer a rarity to see news of closed shops, failed businesses and company administrations. But it isn't just businesses receiving final demands for payment - debt in the UK has become personal. It is said that most of us are only one or two pay packets from bankruptcy.