Plastic purge: Britain’s personal debt pile SHRANK in March as people shun credit cards amid coronavirus crisis Bank of England found households paid back £3.8bn more than they borrowed Of that, £2.4bn came from credit cards and the rest from other loans The bank said a collapse in new lending was the big reason, as … Read more
JCrew files for bankruptcy after collapsing under £1.3bn debt mountain By Daily Mail City & Finance Reporter Published: 22:09 BST, 4 May 2020 | Updated: 22:09 BST, 4 May 2020 JCrew has filed for bankruptcy after collapsing under a £1.3 billion debt mountain. The US fashion brand’s lenders will inject £322m of cash and take … Read more
Millions of Britons are either dipping into their savings or getting into debt as their incomes are being dented by the coronavirus pandemic, a new survey has showed. Nearly a third of people in the UK have had to dip into their savings while a fifth have taken on debt, with the younger generations the … Read more
A mother of three whose family wiped out debts of nearly $50,000 (£40,000) in four years by following ‘zero waste’ principles has revealed how their self-sufficient lifestyle means they are taking the Covid-19 lockdown in their stride. Facing a mammoth debt of $68,000 back in 2016, Amber Allen, 31, a full time YouTuber, from Ontario, … Read more
A mother of three whose family wiped out debts of nearly $50,000 (£40,000) in four years by following ‘zero waste’ principles has revealed how their self-sufficient lifestyle means they are taking the Covid-19 lockdown in their stride. Facing a mammoth debt of $68,000 back in 2016, Amber Allen, 31, a full time YouTuber, from Ontario, … Read more
At the end of March, debt charity StepChange reported it had experienced the busiest days in its history over the previous three weeks, even busier than during the financial crisis. Britons are looking for help with their finances in record numbers as the coronavirus pandemic and the lockdown of the country has seen huge numbers … Read more
Teen Mom OG stars Catelynn Lowell and Tyler Baltierra owe ‘over $800,000 in tax debt’… after Tyler boasted their daughters are ‘set for life’ thanks to the couple’s ‘sacrifices’ By David Lawrance For Dailymail.com Published: 22:25 BST, 16 April 2020 | Updated: 22:25 BST, 16 April 2020 Catelynn Lowell and her husband Tyler Baltierra allegedly … Read more
IMF warns countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak By Ruth Sunderland for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak, the … Read more
Pakistani PM Imran Khan urges western governments to waive debt repayments as he warns more people in developing countries will starve under coronavirus lockdowns than will be killed by the disease Pakistan has recorded 5,183 infections, with 88 deaths, so far in the pandemic Its already-struggling economy has been hit hard by the nationwide lockdowns … Read more
The Financial Conduct Authority today brought in measures to help people struggling with their finances as a result of coronavirus. Fee-free overdrafts of up to £500 will be available to everyone, customers will be able to borrow more than this if needed, and those with outstanding loans and credit card debts will be offered three-month … Read more