Personal debt affects household income

Household finances for the month of July continued to decline, with the state of finances being blamed on both personal debt levels and inflation. Consumer spending power has plummeted over recent months, with soaring inflation resulting in households having to increase the amount that they are paying on essentials such as food, petrol and energy [...]

Low earning people more reliant on credit cards

Over recent years more and more people have become reliant on credit cards, often because the difficult financial climate has left them struggling to make ends meet the way that they were previously able to. Other factors have also affected the increasing reliance on credit cards, such as soaring inflation coupled with wage freezes or [...]

Borrowers warned to repay payday loans on time

In the current climate, with soaring inflation and living costs coupled with frozen or falling wages, many people have seen their finances take a real hit, with many now finding that they are unable to stretch them far enough to cover all of their outgoings. A recent report highlighted how a growing number of workers [...]