Sky-high interest rates of payday loans can vastly increase the amount owed. Here's some advice if you find yourself in financial trouble.
There are a few problems with the payday loan crackdown - and reform looks set to be a slow process.
The wartime leader will become the first politician of the modern era to feature on a banknote.
Police are appealing for information after banknotes worth around £60,000 were mysteriously found floating down a river in Lincolnshire.
A dog walker spotted the cash near to Spalding town centre last month.
Officers who recovered the banknotes say a large amount was damaged but a good quantity appear to be in fair condition.
They are now trying to trace the owner.
If they cannot it will become the subject of a court forfeiture order.
According to a survey into debt collection carried out by Citizens Advice:
- Council tax, unpaid parking fines, loans and credit cards were named as the main debts by callers.
- There was a north/south divide in the number of cases recorded. The North East of England account for a sixth of all bailiff cases handled by the Citizens Advice Bureau
- More than half of the people pursued by a bailiff in the East Midlands were in a family.
- Only one in 100 problems dealt with by CABs in the South West were bailiff related.
Debt collectors are knocking on the doors of more working households than before, a leading charity has claimed.
Requests for help dealing with bailiffs chasing payments from working parents now make up a fifth of inquires about debt collectors put to the Citizens Advice charity.
They dealt with 60,000 "bailiff problems" between April 2012 and March this year.
Out of these requests, half were parents were with dependent children.
On Sunday it was revealed that the value of UK workers' wages has suffered one of the sharpest falls in the European Union, when adjusted for inflation.
Average earnings increased by 1.7% compared with March to May 2012, 0.2% up on the previous month.
Average paid by households in taxes (direct & indirect) more than trebled from £4,000 in 1961 to £12,900 in 2011/12 http://t.co/0Xmdt1h1s3
The Office for National Statistics has released new figures looking at the effects of taxes and benefits on household incomes in 2011/12.
- Disposable incomes have fallen since the start of the economic downturn, with average equivalised income falling by £1,200.
- Average original income (before any taxes or benefits) was £31,500.
- On average, households paid 20% of their gross income in direct taxes such as income tax and council tax.
- The top fifth of households had an average income of £78,300, 14 times that of the bottom fifth, who had an average of £5,400.
Inequality of disposable income fell to lowest level since 1986 in 2011/12, according to new figures released by the Office of National Statistics.
This was partly driven by earnings falling for higher income households and by changes in taxes and benefits.
These changes include an increase in the income tax personal allowance and changes to National Insurance Contributions and Child Tax Credits.
Geoff Brown, of Hampshire Credit Union, says the Office of Fair Trading guidelines make it clear there is "an overarching principle of fairness in dealing with people".
He says, based on the OFT's report, payday lenders are not following this advice and "need to".