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European Union Ministers Sceptical Over Greece Debt Deal

Several finance ministers from the Eurozone are set to meet in Brussels later today, despite growing scepticism that a deal can be made to restructure Greece�¢??s debt. The Greek economy has been bailed out twice by the European Union in recent years. The first of these bailouts was in 2010 when a loan of �¢?�¬110 million was provided.

Rent To Own Schemes €rip Customers Off”

A group of MPs believe that people who buy products on a “rent to own” basis are being ripped off.

Problem Debt Effects Brits Mental Health

According to research from the Debt Advisory Centre (DAC), 16% of people in the UK believe they have a problem with debt.

44% Of Brits Use Payday Loans For Essentials

New research has found that 44% of people in the UK who have taken out a pay day loan have used it to pay for essentials such as food and travel costs.

Young People See Level Of Debt Double

Young people aged 18-34 have seen the level of their debt double within a year, research from the price comparison website, MoneySuperMarket, has found.

Rules On Bankruptcy And Debt Relief Orders To Change

People who are considered “to poor to go bankrupt” with up to £20,000 debt will now be able to use a Debt Relief Order to enter insolvency.

One In 15 Spend 50% Of Wage On Debt Repayments

One in 15 people who have unsecured debt are spending over half of their take home earnings on monthly repayments, according to new research from the Debt Advisory Centre.

One In Five People Will Retire With Debt

Research from Key Retirement, the retirement specialists, shows that nearly one in five people over the age of 45 will retire in debt.

Wonga Caps Interest Rates At FCAs Maximum Rate

Payday loan company Wonga have changed their loans cap and interest rates in line with the new regulations introduced by the Financial Conduct Authority (FCA).

Northern Rock Forced To Pay 43,000 Customers Compensation

Former high street bank Northern Rock has been ordered to pay 43,000 borrowers compensation over misleading wording of past loan documents.

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