Households are facing increasing financial pressures over the Christmas period, a new poll reveals today, with more people regularly worrying about money and more turning to credit to pay for festive food and presents.
The charity Mental Health UK has set up a new debt advice service for those with money and mental health problems, with financial backing from Lloyds Banking Group.
Lenders are missing the early warning signs of customers' financial difficulties, meaning they're too slow to offer help and borrowers risk falling further into debt, the financial watchdog has found.
People experiencing money troubles could soon benefit from up to a year's 'breathing space' from the drivers of worsening debt if new legal proposals get the go-ahead.
Stark survey results showing some creditors and debt collectors continue to add charges despite knowing those repaying are in financial difficulty have sparked renewed calls for a 'breathing space' scheme for people struggling with debt.
If you've got a debt management plan with PayPlan and have joined its payment protection scheme, check now whether it's right for you, as letters sent by the firm cast doubts over whether people fully understood what they were buying.