Coronavirus UK: Consumer debt falls a record £7.4bn in April

Britain’s £221billion consumer debt pile shrank by nearly £7.5billion in April, the largest fall ever recorded by the Bank of England. As households cut their spending during the coronavirus lockdown, the amount households they borrowed slumped to £11.8billion, almost half of the figure for February. Although the amount households paid back also dropped, the spending … Read more

Scammers use Facebook and Instagram to market stolen personal details, consumer group Which? Reveals

Scammers are left to ‘run riot’ on social media and are using sites including Facebook and Instagram to market stolen personal details, a probe by consumer group Which? Reveals Which? found 50 discoverable profiles and groups advertising stolen identities The stolen information is used by fraudsters for blackmail and identity scams  One Facebook post showed … Read more