Credit card companies have been hit by a further spike in customers struggling to pay their bills, according to data from the Bank of England.
A net 25 per cent of lenders said they had seen a rise in borrowers failing to pay back what they owe in the second quarter of this year.
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Fears Britain's £73bn credit card time bomb is about to explode
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HSBC agrees to extend redress scheme for customers impacted by historical debt collection practices
HSBC has voluntarily agreed to extend its redress scheme for customers who may have lost out by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (FCA) has announced today. Both HFC and JLFS are... -
Highways England Claim – Do Joanna Connolly Solicitors only deal with Consumer Credit? Colin Quinn
It is widespread common knowledge within the industry in which our firm operates that Joanna Connolly Solicitors are specialists in matters pertaining to Consumer Credit. I must immediately qualify that, by saying there are, for example, certain Chambers who are regarded as specialists in assisting... -
How to respond to CCA documents Lowell/Provident
Hello, I'm new to all this and asking for help on my response to documents received after a CCA request. This alleged debt is from Provident with Lowell. I received a pre-action protocol letter on February 7th 2019. I replied asking for more information. I also sent a CCA request with £1 to Lowell portfolio.... -
Debt despair: 'I’m just going to end it'
He's one of more than 100,000 desperate debtors who each year attempt suicide in England.That's according to the Money and Mental Health Policy Institute. The charity has called on the government to change legislation which it says contributes to people in problem debt becoming suicidal. 'We skipped
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CIFAS Cat 6 Marker Appeal - Halifax
Hi, I am new to the forum, so I hope this is in the right place and hopefully somebody will be able to provide some advice.
I'll try to be as concise as possible without rambling, but as a little bit of back story, I am 27 and for the past 5 or so years have been on a downwards spiral struggling... -
Morse's Unenforceability Diary
Morse: Number One
Type of Acc: Northern Rock Personal Loan
Date Commenced: October 2006
Approx Balance: £23,000
(£25,000 original amount, £34,000 total including interest)
Date Last Paid: June 2008
Current Arrangement: £1.00 pcm
Status: Defaulted
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Philyabootz UE diary (please help)
Hello everyone, this is my first post so bare with me...
I entered into a debt management plan with step change over a year ago for a total debt of £40k
The original debts were to Tesco Loan £24k, Tesco CC £2k, Barclaycard £8k and MBNA CC £6k
I currently owe 2... -
Delays and Increasing costs hamper MOJ's digital courts project
A £1bn modernisation programme of the UK’s justice system is facing a “daunting challenge” after falling behind schedule and overrunning costs, according to Whitehall’s spending watchdog.
The National Audit Office has found that the changes being rolled out by HM Courts & Tribunals... -
IN DEBT NEED HELP FAST
Halifax overdraft: £5000 - Increased from zero to £5000 over the space of a couple of months a lot of which was gambling and they were also aware my credit card was almost maxed at the time.
Halifax credit card £6500 - The first card i started using after buying a house in 2016
Capital... -
Default on Barclaycard
Hi all, I really need some help and advice.
I have a 5,5k Credit Card debt with Barclaycard. I am really struggling to keep up payments and my APR is very expensive. It’s nearly all interest I pay back.
I am wondering what would happen if I couldn’t continue to pay?
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Default on Barclaycard
Hi all, I really need some help and advice.
I have a 5,5k Credit Card debt with Barclaycard. I am really struggling to keep up payments and my APR is very expensive. It’s nearly all interest I pay back.
I am wondering what would happen if I couldn’t continue to pay?
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Credit card limits 'need control'
More than a million credit card users who are struggling financially have had their credit limits increased without asking, a charity has said. Such borrowing could make their financial problems worse, so Citizens Advice is calling for a ban on unsolicited increases in credit card limits.It wants Chancellor... -
NatWest closed my account! Someone please help me!! Cifas marker
I was in desperate need of money so I came across some guy on Facebook who convinced me that he will make me money and give me 50% of whatever was made. I met up with him and gave him my NatWest bank card and details. He made 2 transactions of £500 to my account so £1000 in total and withdrew the money... -
Energy suppliers must help vulnerable customers in debt
Gas and electricity firms must do more to help those struggling to pay bills by spotting debt before it becomes severe, the energy watchdog has said. While the number of customers in debt is down, providers allow customers to accrue £600 in unpaid bills on average before they start paying money back....