All news on the topic: Debt

588
Man discovers he is entitled to extra £500 each month after 10-minute check
Phil Regan, 59, from Derbyshire, was one of the millions of people missing out on an estimated £19billion in unclaimed benefits and recently discovered he is entitled to PIP
504
All the issues Trump and Biden must overcome before November election rematch
Both current President Joe Biden and former President Donald Trump have a slew of issues they must overcome if either of them hope to win reelection and beat out the other in November
724
Morrisons reports £1 billion loss as supermarket chain counts cost of debt
The retailer, which was bought for £7 billion by US private equity firm Clayton, Dubilier & Rice in 2021, reported the heavy loss for the year in freshly filed Companies House accounts
685
Ofgem concerned costs of achieving net zero could hit poorest households hardest
The regulator has announced a call for input on how to protect households against future price shocks
632
'I was addicted to shopping. By the time I found why I'd blown £40k'
Maddy Alexander-Grout was just 18 when she was offered credit cards at her university's freshers' fair - but she didn't realise she would one day have to pay all the money back
618
Most stressed-out US states ranked — with surprising state taking top spot
One in four Americans say they're so stressed they struggle to function but some areas are more stressed out than others — with one state unexpectedly clinching first place
941
40,000 struggling families to benefit from new measures to help those in debt
Delivering spring budget 2024, Jeremy Hunt, Chancellor of the Exchequer announced a slew of desperate tax cuts - including a reduction in National Insurance payments
367
US private equity giant Carlyle set to take 82% stake in Southend Airport
Esken, formerly Stobart Group, said it had decided to agree to the proposal designed to settle the airport's £193.75 million debt to Carlyle Global Infrastructure Fund
1184
Urgent warning as 'no win no fee' clients left with huge debts as firms collapse
Clients of 'no win, no fee' legal schemes are being hounded for tens of thousands of pounds and fear they may lose their homes after two law firms collapsed owing millions
776
Record credit card complaints, but majority made by claim management firms - FOS
Complaints about credit cards hit record high, says the Financial Ombudsman Service with nearly three quarters brought by claims management companies and law firms, up from a quarter of these complaints a year earlier
688
'My family wants me to get married - I'm too ashamed to tell them why I can't'
A woman who has been with her boyfriend for four years has admitted they are desperate to get married - but says there's an 'embarrassing' reason why they can't and she doesn't know how to tell their families
843
Criminals owe £1billion in unpaid fines as crooks' debt doubles in last 6 years
Last year the courts handed out almost £500million in fines but three-quarters of it has yet to be repaid, leading to fears criminals are being given a licence to break the law
639
Debt collectors chase sick ex-landlord for council tax bill dating back 20 years
Deen Adam was bemused to open a letter from an agency, working on behalf of Birmingham City Council, demanding he pay the authority £514 for alleged missed payments in 2006.
935
Energy bills will include 'additional' charge despite price cap falling
The Ofgem energy price cap is forecast to fall but bills are set to include a "temporary" charge to help tackle record levels of debt with many people behind on payments
906
Top 10 regrets Brits have when it comes to money - like not saving when younger
Not investing, not buying a house sooner, and not making and sticking to a budget, are other things they wish they had done differently
497
Woman says she's only got £40 to last 12 days as cost of living payments end
A woman who suffered a double aneurysm before her partner died is worried for her future amid the cost of living crisis and has had to borrow money from a friend to afford food
779
Parents resort to credit cards as childcare costs swallow up to half of incomes
Campaigners warned that becoming a parent will become a 'luxury' without action to tackle the spiralling cost of childcare as families take on debt and use their savings
399
Four ways to improve your chances of getting a mortgage including credit scores
If you’re thinking about getting a mortgage, you should be aware of the factors that affect your eligibility as this can be critical in whether you are accepted or not
1055
Money worries and mental health: We ask expert what to do if you're struggling
'How much you stress and worry about your finances is actually more important than how much you are financially struggling ...' Here, we ask clinical psychologist Dr Thomas Richardson - an expert on the relationship between financial difficulties and mental health problems - how best to cope in the cost of living crisis
438
Youngsters borrowing thousands to impress partners with Insta-worthy dates
Dating debt is costing young people more than £2,000, which experts put down to social media pressure, but now a new podcast has launched to help them manage their money
967
Minister warns over a ‘computer says no’ stance to buy now, pay later schemes
The Government is considering feedback to a consultation on regulating buy now, pay later schemes
924
Senior Treasury minister appears to stumble over questions on the rising debt
Laura Trott said she had "different figures" when she was presented with the latest official projections from the fiscal watchdog, which suggest an increase over the next five years
864
Rising mortgage arrears due to high cost of living and interest rates hikes
UK Finance reports that 93,680 homeowner were in mortgage arrears in the last quarter of 2023
1041
Woman shares 'snowball' method she used to pay £53,000 of debt in two years
Jillian, who is based in the US, took to social media to share the "snowball" tip which she used to clear over £53,000 worth of debts but she warned that the method only works if you are "intentional with your money and your time"
845
Bank of England debt sell off to fight inflation is a 'leap in the dark' say MPs
The Bank of England has been selling off Government debt in a bid to reduce inflation for the last two years