See the difference between what people think causes debt, and what really does—in a neat graphic.
The light green bars show what people surveyed thought was the biggest cause of financial difficulties.
The reality is shown in dark green.
The publishers, the Consumer Credit Counselling Service, say that nearly half the debt problems of [...]
A young mother borrowed £1,000 from a doorstep lender to pay for furniture. Two years later she had repaid the company £3,800 at a rate of £159 a month. She still owed £600.
Hers was one of the case studies featured recently at an event hosted by Leeds City Credit Union.
The credit union gave [...]
Refused credit? The charity Credit Action estimates that 25,250 applications for consumer credit are turned down every day.
Many of those refused will be young people who have not been able to build up a good credit rating. Yet most will want to borrow money at some point – for a major purchase or to [...]