Michael's crisis could have 'dragged on for a long time', says CPA adviser Ruth Millward, right

More than 300,000 adults are too deeply in debt to apply for bankruptcy

Charities are urging the Government to offer a cheaper alternative for people in financial difficulty

Simon Read: Finance firms keep their cards too close to their chest

When it comes to finding the best credit card, it's a simple process to go to one of the comparison sites and discover which one has the lowest rate, or the longest 0 per cent balance-transfer deal.

One in four borrowers gets a loan they can’t afford by not checking the cost

Nearly one in four people are using the internet and telephone to access high-cost short-term credit, with nearly half doing no research before taking a loan.

Money Alert: Soaring payday loan problems

The number of people struggling with payday loan debts is still rising. New figures reveal that in the first six months of this year nearly 50 per cent more people were forced to seek help after falling into debt problems because of the loans.

Money Insider: Change now for a 0% balance transfer credit card

I was surprised just how competitive and congested the long-term 0 per cent credit card balance transfer market had become, when I took a closer look this week.

Five Questions On: Payday loans brokers

Are payday loans brokers different to payday lenders?

Cheap credit websites slammed by Financial Ombudsman

Websites that take hundreds of pounds from unwitting consumers on the promise of finding cheap credit, only for the loans never to materialise, have been slammed by the Financial Ombudsman.

More than one in four adults forced to borrow money from family members

More than one in four adults has been forced to borrow money from family members. And it’s not just a matter of a few quid: new research published today suggests the average amount lent to parents, siblings and children is £2,123.

Five Questions On: Mortgage-style student loans

Hang on, wasn't there a scandal about this when the government sold off the loans to a debt collection company?

Pre-paid card aims to help the hard-up with lower fees and charges

Pre-paid plastic cards are growing in popularity, but can prove expensive. They’re proving popular particularly among people who can’t access mainstream finance as, because they’re Visa or Mastercard backed.

Simon Read: Fewer payday lenders means fewer victims of debt woes

Of course I feel sorry for the 120 workers in the North-west who have suddenly lost their jobs this week because of the collapse of their employer. But the fact that their employer was a payday lender means my sympathy is tempered.

Simon Read: Yes, no-interest loans do exist

Are interest-free loans the answer to how we help struggling people? It's not a rhetorical question: there actually is a scheme in the UK that does just that.

The ASA has told Peachy Loans to scrap their advert

More payday lenders slammed and banned for irresponsible adverts

Three more payday loan adverts have been banned today. They include one from a short-term lender that tried to differentiate itself from payday loans, but which has been rapped by the Advertising Standards Authority for producing irresponsible advertising.

Interest-free credit helps local people battle loan sharks

Are interest-free loans the answer to the question of how we help struggling people? That’s not a rhetorical question or silly one: there actually is a scheme being operated in the UK which does just that.

Lenders have been accused of persuading vulnerable people to borrow expensive credit

Payday loan firms accused of bombarding vulnerable people with nuisance phone calls

Payday loan firms have been accused of bombarding financially vulnerable people with nuisance phone calls, after a debt charity reported that a third of its clients were plagued by the messages.

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