Debt

HSBC, Lloyds Banking Group and RBS are the latest firms found to have used dubious 'legal' tactics to pressurise indebted customers into paying. MoneySavingExpert.com has received copies of a number of misleading letters from the banking giants.

MoneySavingExpert.com is asking you to email us copies of any letters you've received from fake lawyers chasing debts – whether for energy firms, banks or payday lenders – after claims it may not just have been Wonga that has used these sneaky tactics.

New research from MoneySavingExpert.com shows over a third of people who’ve had mental health problems, or have partners who do, have had "severe or crisis" debt.

Bailiffs are to be banned from entering homes at night and from using physical force against debtors under new laws coming into effect this weekend.

The financial regulator is to scrutinise whether competition in the UK's £150bn credit card market is working well for borrowers, in particular those in financial difficulty.

Plans to make people in Scotland who are made bankrupt pay debts for four years rather than three will lead to "increased human misery" for people in financial crisis, debt advice groups are warning.

George Osborne has announced the Government will cap the costs of controversial payday loans – but full details of how it will work haven't yet been set out.

Payday loan firm QuickQuid has admitted it got hold of non-customer details from third parties, following last week's huge blunder when it emailed many consumers with incorrect demands for cash.