If you are struggling to pay your debt it is likely that you will receive a county court judgement (CCJ). As a home owner this could lead to a charging order against your property.
The government has announced plans to make it easier for people in financial difficulty write off their debts in Debt Relief Orders (DROs).
Two thirds of personal insolvency cases have involved store credit cards, according to the latest survey of insolvency practitioners by trade body R3.
An ageing population and the poor condition of the public finances will require the state pension age to be raised to 70 by the middle of this century, one of Britain's leading consultancies warned today.