More than one million householders in the UK have used credit cards to pay their mortgage or rent in the past 12 months, according to a survey by homeless charity Shelter.
Debt problems have increased by 15% in January, compared to a year ago, while 66% of people taking out consolidation loans use them as a "licence to go spending again".
Alan Steel Asset Management, a leading Scottish independent financial adviser, has been targeted by fraudsters, reports the Scotsman.
GE Capital Bank is the first of several large financial services firms to receive an FSA fine for its handling of payment protection insurance sales.
HEDGE FUNDS ARE creating a "major risk" to global financial stability, although there may be little that can be done to tackle the problem, the European Central Bank suggested yesterday.
A LONG-HELD LAW which placed banks above other claimants in insolvency cases has been overturned by the House of Lords but this could make getting a small business loan tougher, says the Daily Telegraph .
Banks are still being questioned by the Treasury Select Committee over the varying methods they use to calculate annual percentage rates (APRs) for credit cards.
AEGON'S CHIEF executive David Henderson has told this morning's Scotsman newspapers he is considering ditching the Scottish Equitable name to eliminate "brand confusion" across the group.
The government has rejected criticism of the DTI's handling of consumer credit reform and says consumers taking out credit agreements in future will be markedly more protected by pending legislation, according to comments received by the Treasury Select...