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Government warns about rising credit card debt Debt - the 12-month view Amount of `bad debt` written off reaches 16-year high Deeper into debt: middle-class poverty Debt taken on by individuals increased in January Debt Relief Order (DRO) rules may be changed Overdrafts: five million Britons `permanently` in debt Mortgage lending drops to decade low The cost of debt falls Two thirds hope to have cleared mortgage debt by 50 40% of people approaching retirement `saddled with debt` Repossession `may be best` for homeowners struggling with debt Bankruptcies in Scotland - the worst may be yet to come Good news for people with energy debts US: new law provides debt-free date More debt taken on than repaid in December Savings rise as consumers pay down debt Household debt `could trigger another downturn` More families could fall into debt with energy companies Recession ends

Lenders `told to deliver contradictory objectives`

31/12/2008

Over recent weeks, banks and building societies have been under pressure to deliver contradictory policy objectives, it has been suggested.

According to the Council of Mortgage Lenders (CML), such organisations have been expected to pass on to consumers the recent interest rate cuts while also competing for deposits from savers.

Meanwhile, lenders have also been under pressure to uphold more risk-averse standards while at the same time offering greater forbearance to borrowers experiencing financial difficulties.

The CML also mentions that banks have been expected to pay fees for the government`s credit guarantee scheme and the Bank of England`s special liquidity scheme, while also servicing the government`s preference share capital at 12 per cent.

Recently, the Government revealed details of the Mortgage Support Scheme, under which people who fulfil certain criteria - such as having savings of less than £16,000 - and who are struggling to meet home loan repayments will be offered help.

Government warns about rising credit card debt 05/03/2010 - The latest figures from the Bank of England (BoE) have Debt - the 12-month view 04/03/2010 - In January, UK citizens - between them - borrowed £500 Amount of `bad debt` written off reaches 16-year high 03/03/2010 - The latest figures from the Bank of England (BoE) suggest Deeper into debt: middle-class poverty 02/03/2010 - The recession has also affected a lot of people with