A report is being put together detailing types of high cost credit but according to recent reports bank charges will not be included in this report. Read the rest of this entry

According to reports the decision on a test case relating to debt repayments is set to be made early next year, and once the decision has been made the fate of around 100,000 borrowers who are trying get rid of their debt will have been decided. Like the recently decided bank charges test case, which was started in January 2008 and has only recently been concluded after the banks appealed to the Supreme Court, the current High Court test case into repayment of debts could end up going further. Read the rest of this entry

The Office of Fair Trading has recently demanded that thirteen debt advice companies be closed down after revealing that they were providing misleading information to consumers. Read the rest of this entry