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RSSMix.com Mix ID 8249793: Britain’s debt time​bomb: FCA urges action over £200bn crisis on BenGummer.net Exclusive: Watchdog’s chief executive says he has seen problem at first hand, as new figures show rising levels of debtThe government needs to step in to help tackle the mountain of debt being racked up by the most vulnerable consumers […]

RSSMix.com Mix ID 8249793: Britain’s debt hotspot: how Newham is making ends meet on BenGummer.net With some 70,000 people facing problem debts, the borough highlights how poverty and rising costs have fuelled borrowingIt’s only just gone 9am at the Stratford Centre in east London, but the debt advice centre in the shopping mall is already […]

RSSMix.com Mix ID 8249793: ‘They just kept topping it up’ – how one credit card user got £28,000 in debt on BenGummer.net When Tracy Banham’s company hit hard times, she turned to credit – but is paying it back after getting professional advice Tracy Banham’s credit card limit was raised several times without asking, despite her […]

RSSMix.com Mix ID 8249793:What is the average debt where you live? on BenGummer.net Consumer debt is edging towards levels not seen since the 2008 financial crisis. Enter your postcode to see how your area compares to the rest of the UKConsumer debt in the UK has soared by almost 10% in the past year. Unsecured […]

RSSMix.com Mix ID 8249793: Growing risk of ‘debt trap’ if interest rates remain low, bank warns on BenGummer.net BIS says near-zero interest rates have encouraged borrowing and left consumers, businesses and governments at risk from overdue risesA new warning has been issued about the growing risk of a “debt trap” if interest rates around the […]

RSSMix.com Mix ID 8249793:Slowdown in consumer credit growth spells trouble for UK economy on BenGummer.net With investment in the doldrums and exports ailing, the shopper is the linchpin stopping the economy from stallingIt is too early to tell whether the slowdown in UK consumer credit growth in July was the result of waning confidence among […]

RSSMix.com Mix ID 8249793: Credit card lenders ‘targeting people struggling with debt’ on BenGummer.net Citizens Advice finds almost one in five people struggling with debts have had their card limit raised without requestCredit card lenders appear to be targeting people struggling with unaffordable levels of debt, according to a new report calling on Britain’s financial […]

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