in the know

Debt threat stalks households in January..

Shoppers have been warned about the risks of buy now, pay later schemes by a helpline that expects a call about debt every four minutes in January.

The Money and Pensions Service, which is backed by the government, said it was gearing up for its busiest period of the year.

Many people are receiving debt repayment demands before their first pay cheque of the year.

Youngsters are being warned about sleepwalking into financial problems.