New credit card rules estimated to save consumers millions

The Financial Conduct Authority (FCA) has published new rules for the credit card market and is estimating consumers will save between £310 million and £1.3 billion a year in lower interest charges. The changes announced today will offer more protection…

Interest rates hikes set to hit struggling homeowners hard

Households on variable rate mortgages with the lowest levels of disposable income are at risk of sinking further into debt if interest rates increase by 0.25 per cent.PayPlan has warned that even this modest rise could have a ‘devastating’ impact…

Nine in 10 homeowners are worried about rise in interest rates

A rise in interest rates could have a catastrophic impact on homeowners who are already living on a tight budget, according to figures from leading free debt advice provider PayPlan.PayPlan has launched its Out of Interest calculator to help clients work…

In the news this week: Bills, borrowing and debts growing

Earlier this week the Financial Conduct Authority (FCA) warned of a pronounced build-up of debt among young people.

What do the bankruptcy changes mean for you?

The application process and fees have changed for bankruptcy. Today we look at what changes have occurred and what they mean for you.

SELF-EMPLOYED AT RISK OF ALMOST 40% MORE PERSONAL DEBT

Self-employed people clock up nearly 40 per cent more personal debt than those who are on the payroll, according to PayPlan's latest research.

ARE YOU WORRIED ABOUT THE RISE OF INTEREST RATES? YOU’RE NOT ALONE

In autumn this year we surveyed hundreds of homeowners already living on a tight budget asking how to a rise in interest rates would affect their finances.While the Bank of England held interest rates again, our survey revealed 72% of…