interest rates

Rising use of high-cost credit by low-income households leaves them too exposed to financial shocks, says the Resolution Foundation.

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

The Jubilee Debt Campaign says Britain has a growing household debt trap that is hurting the poorest families the most.

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.