Debt

The All-Party Parliamentary Group (APPG) on Financial Education for Young People today launches its report calling for compulsory money lessons in schools.

Labour MP Stella Creasy has stepped up her calls for a cap on the cost of short-term, high interest loans, as new figures reveal 3.5 million Britons expect to need a payday loan in the next six months.

Young Britons are being saddled with debt but are unlikely to build up assets in the same way as previous generations, a report commissioned by debt advice charity the Consumer Credit Counselling Service (CCCS) found today.

The Government faces further calls to cap the cost of payday loans and other high costs credit firms, after an e-petition urging action was launched this week in support of proposals by Labour MP Stella Creasy.

A Labour MP is spearheading a campaign to force fee-charging debt management firms to clearly state free help is available.

New guidance on debt collecting has today been published by the Office of Fair Trading (OFT), in a bid to better protect consumers in financial difficulty.

The number of people running into debt after taking out a payday loan has quadrupled in two years, consumer charity Citizens Advice warns.

The Office of Fair Trading (OFT) has published guidance for banks and other financial firms to ensure they treat loan and credit card applicants who have mental health problems fairly.

Citizens Advice is calling for tougher sanctions on rogue debt management firms that exploit the vulnerable.