Eighteen to thirty year olds are finding that debt is becoming the new normal meaning that they struggle to secure financial independence according to…
Skipton Building Society have just released a survey that seems to say Britons will only be able to enjoy seven years of life without having to worry about their finances.
The number of people that have been declared as insolvent in the UK has dropped 10% compared to a year ago.
Despite the financial crisis that has hammered British savings, incomes and jobs for the last four years, British household debt has begun to rise once again.
The amount of people in more than 2 months of rent arrears has shot up by a staggering 24% compared to the same time last year.
A charity warned today that more people are struggling with home shopping catalogue debts than they are with payday loans, mortgages or rent arrears.
UK banks are adding to the financial pressure for households by having record level high interest rates
£3.64bn in bad debts was written off by credit card companies in 2011 according to figures from the Bank of England.
It is reported that families in the UK are spending almost a quarter of their disposable income on interest payments alone.