Managing debt

If you have an overdraft with Lloyds, Halifax or Bank of Scotland, the interest rate you're charged for using it could be going up from Friday 31 January as part of a shake-up announced last year. Here's what's happening and what you can do about it.

The British Gas Energy Trust, a charity funded by British Gas, has today (1 July) reopened applications for grants of up to £1,500 to help people clear debts owed to their energy provider – and you don't have to be a British Gas customer to benefit. But funds are limited, so it's best to apply as soon as possible. Here's what you need to know.

Experian will become the second credit reference agency (CRA) after TransUnion to include buy now, pay later (BNPL) data in customer credit files from this summer, MoneySavingExpert.com can reveal. Below we explain how the move may affect your credit file and score.

Debt is often depressing, dangerous and debilitating. When I used to do TV money makeovers, one of the first things I'd do was total someone's debt. Often it caused them at best a sharp intake of breath, and at worst tears.

Martin Lewis has warned households against splurging this Christmas, while also highlighting the importance of being honest about their finances in a bid to remain debt-free over the festive period and beyond. Read below and watch the clip from The Martin Lewis Money Show Christmas Special for more. 

People with mental health problems have faced a much bigger hit to their finances during the pandemic than the wider population and are three times more likely to have fallen into serious debt, according to the results of a major national survey published today.

Vanquis Bank is to pay 1.2 million customers about £169 million in refunds and a further fine of £1.9 million following an investigation into its credit card repayment add-on by the Financial Conduct Authority.

More financially vulnerable people will be able to avoid the most drastic formal debt solution after the Government announced plans to increase the minimum level of debt that can force people into bankruptcy to £5,000 later this year.

The number of people going bankrupt has fallen to a 15-year low in England and Wales, according to official figures published today.

There is more change afoot in the lending market as the borrowing revolution continues to take shape.