All the updated news related to debt

All the news related to debt updated in real time

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Scotland

More than half of Scots in or at risk of debt blame cost-of-living crisis

More than half a million Scots have put the soaring cost of living down as the main reason behind personal debt, new analysis has found. Rising prices in the shops and a looming spike in energy bills have dominated the headlines in recent months. A ...

29 Mar 2022 at 01:25

Life

Debt Awareness Week: 5 suggestions to help you get on top of the problem

Debts can feel overwhelming, and it can be hard to know where to turn. Even before the coronavirus pandemic and the living costs surge we’re currently seeing, more than a third (35%) of households in Britain were spending more than their ...

21 Mar 2022 at 09:25

Personal Finance

One in five expect to be driven into problem debt this year, says charity

One in five people (21%) believe external financial pressures will drive them into problem debt this year, according to a charity. Three in 10 (31%) are expecting to struggle to pay for essentials such as a healthy diet and clothing ...

21 Mar 2022 at 10:55

Scotland

Debt advisers struggling to cope with demand due to cost of living, MSPs told

Debt advisers are at risk of burnout as an overwhelming number of people seek help to pay rent and feed their families, MSPs have been told. The Social Justice and Social Security Committee heard pleas from advisers across Scotland ...

28 Apr 2022 at 13:25

Scotland

Finances grew worse for 1.8 million Scots during pandemic, charity says

More than 1.8 million people in Scotland saw their finances worsen during the pandemic, Citizens Advice Scotland (CAS) has said. Polling for the charity by YouGov found 41% of Scottish adults said their financial position grew ...

07 Mar 2022 at 01:25

Personal Finance

61% annual increase in people taking out debt relief orders in February

The number of people taking out a debt relief order (DRO) in England and Wales last month was 61% higher than a year earlier, according to Insolvency Service figures. DROs are a formal type of personal insolvency aimed at ...

15 Mar 2022 at 15:25

Personal Finance

‘1.3 million families facing cost-of-living crisis with no savings buffer’

Around 1.3 million families across Britain had no savings before the biggest cost-of-living crisis in a generation struck, a think tank has said. With no savings buffer to rely on, some will be pinning their hopes on ...

17 Jul 2022 at 01:01

Cash use set to survive despite slump during pandemic – report

Cash may no longer be king but its rapid decline in use during the pandemic has at least eased, according to a report. Trade body UK Finance said many people were forced to use alternative ways of spending due to ...

18 Aug 2022 at 11:55

Borrowing soars as runaway inflation pushes up interest

Interest payments on the UK’s debt helped push up borrowing last month, new official data shows. The Office for National Statistics (ONS) said Government borrowing hit £22.9 billion, the second highest June ...

21 Jul 2022 at 09:58

City

Russia ‘defaults on debt’ for first time since 1998

Russia has reportedly defaulted on its debt for the first time in more than 20 years after missing a key payment deadline due to international sanctions imposed over its war in Ukraine. The country faced a ...

27 Jun 2022 at 12:27

Nearly a third of smaller companies cannot cover a week of turnover, Bank says

The proportion of smaller companies without enough money to last them for a week has jumped as businesses burnt through the cash they borrowed during the pandemic. The Bank of England said that 31% of ...

05 Jul 2022 at 16:49

Personal Finance

Financial watchdog urges consumers struggling with rising prices to seek help

The financial watchdog has urged struggling consumers to seek help as soon as possible after witnessing an increase in people worried about money due to the rising cost of living. The Financial ...

06 Jul 2022 at 01:01

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