It has been found that consumers are starting to lose their appetite for unsecured borrowing whether it is through unsecured loans or through credit cards. The findings were reported by the British Bankers Association which also found that total secured lending was also down 30.3% last month when compared to the same period last year. [...]

If you are a Halifax Bank of Scotland customer, there are a couple of points to look out for, according to a new survey published by the Daily Mail. For example, Halifax Bank of Scotland offers the best rate on high interest current accounts with a whopping 6% on balances up to £2,500 before tax. [...]

The total personal debt in the UK is £100 billion more than the population realise.  Market analyst Mintel said people are “burying their heads in the sand” when it comes to debt.  Individuals owe double on credit cards, loans and overdrafts as they thought they did. The average person believes they owe £5,251 in unsecured [...]

Credit Action, the UK financial education charity, warned the industry that the wide prevalence of student loans is creating an environment where high levels of debt are seen as normal. There has been a subtle switch from days when students worked to cover extra expenses. Now, they use loans to finance the entire three or [...]

There are students who are graduating that have racked up debts of more than £13,250, and these graduates are considered to be the lucky ones. As annual tuition fees have soared to more than £3,000 a year it is estimated that students graduating in 2009 will owe an average of £30,000 in overdrafts and loans.  [...]

With the announcement from HSBC that they will be ending free overdraft accounts for graduates, students across the country are seeking advice on how to clear their overdrafts as well as their credit card debts. Although HSBC is one of the big banks in the country there are other banks that are offering graduate students [...]

Data from a price comparison site, uSwitch, has revealed that banks are making £52 million extra by increasing overdraft rates.  These figures show that within the last six months banks and building societies have increased the cost of authorised overdraft rates by 0.93% on average. Typically consumers are charged interest in double-digits for using authorised [...]