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credit cards

June 11, 2020

Warning on 'post-Covid personal debt tsunami' unless radical relief is given

New report says a personal debt tsunami of £6 billion directly attributable to the pandemic is already being stored up among some 4.6 million households and, if left unchecked, is set to worsen.
October 31, 2019

TUC says North West workers £13 a week worse off than 11 years ago

The TUC says the last decade has been the worst period for wage growth in more than 200 years.
September 6, 2019

Broken economy is driving record levels of household debt, says TUC

Low pay, insecure work and austerity are feeding a growing household debt crisis, the TUC has warned.
July 12, 2019

Time to end the subprime credit card debt trap, charity says

Subprime credit cards tend to be targeted at people with low incomes, who are unemployed, or who have an impaired or thin credit file.
July 11, 2019

Financial Conduct Authority 'failing poorer households over credit card debt'

Almost half of the poorest households are using their credit cards to pay for food or other living costs, and many are still paying more than £2 for every £1 borrowed, says a report from the End the Debt Trap Coalition.
June 13, 2019

Buy Now Pay Later rules should go further, say debt charities

The Financial Conduct Authority’s rules on Buy Now Pay Later borrowing will not stop people being hit by unexpected costs, says Citizens Advice.
January 7, 2019

Debt charity comments on latest consumer lending figures

The latest figures show credit card borrowing rose by £400 million in November 2018.
September 26, 2018

Event on anniversary of Birmingham protest calls for action on unjust debt

In 1998, 70,000 people protested at the G8 summit, calling for the debts of 52 impoverished countries to be cancelled as a way of celebrating the millennium.
July 31, 2018

Citizens Advice responds to latest consumer credit figures and FCA creditworthiness statement

The Financial Conduct Authority have published their ''Assessing creditworthiness in consumer credit' policy statement. It coincides with the Bank of England revealing the amount of credit held by UK households increased by £3.7 billion in June and the rate of credit card lending has risen by 11 per cent in the last three months.
July 28, 2018

Public borrowing has been replaced by household debt

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