Record number of people seeking advice over debt

The Citizens Advice Bureau (CAB) have reported a record number of people looking for help with unmanageable debt in the past year. The number of cases being handled by the CAB rose to an astounding 1.7 million for the year 2006/2007.

Consumer debt out of control

Things are getting out of hand with mortgage repossessions up by 30% for the first six month of 2007.

UK consumer debt overtakes GDP

UK consumer debt has exceeded Britain's GDP for the first time ever! This means we now need some of next year's income to cover this year's debts!

GMTV survey shows that 95% of people are worried about debt

A third of all the debt in Europe is owed by the British. With the average household debt reaching a staggering £8,600.

Budgeting

Creating and following a budget is the first step towards being in control of your finances.

Payment Protection Insurance

There are around 20 million PPI policies in the U.K, generating over £5 billion a year for the companies involved.

Loans

There are many types of credit available; a loan is one way of using credit sensibly.