Vulnerable borrowers pushed into high cost debt

Vulnerable borrowers pushed into high cost debt

Thousands of vulnerable borrowers are being pushed into high cost debt through the use of ‘credit builder’ credit cards claims the debt charity StepChange. The cards are designed to help people with poor credit scores, but many of them are being used to pay everyday living costs. Sub-prime cards Officially known as sub-prime cards, they …

Born into money struggles

Born into money struggles

A Christian poverty charity says one in four of people currently in debt was born into money troubles. In its annual report Christians Against Poverty (CAP) says problems with debt follow on from one generation to another. Emotional well-being Calling it ‘intergenerational anxiety’, the report says “The impact debt has on these children is far …