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We all know that feeling of overspending and letting money slip through our fingers like water as we run up debt like it was going out of fashion.

Halifax bank was accused of constantly harassing a customer for a debt accumulated from an overdraft.

This customer was often reduced to tears by the unprofessional way that staff hounded her for payment with continual letters and phone calls. Although Halifax agreed to waive the £775 overdraft fee, a mix-up in communication lead to the company sending her constant threats and demands which became a nightmare and caused her a tremendous amount of stress and anxiety.

Young drivers, who try to cheat debt by driving without insurance, will be gambling with larger stakes if they are found out.

Not only are they putting their own lives at risk, but they are seriously jeopardising the lives of others, and can cause serious debt as a result of their actions.

Huge cultural changes have put debt on the map for England.

People approaching retirement age are being forced to dip into their savings and work beyond their sixties. Also, many couples are opting to remain childless to avoid taking on the huge financial pressure of raising a family.

As debt becomes too difficult to manage, many will have to move to smaller accommodation, change location or increase the life of their mortgages which will add additional interest charges.

Finance phobia is a condition that stems from a fear of money. This could be from an intense fear of potential debt or a debt related incidence from the past.

The statistics are in: 6.6 million people withdraw on average £809 in cash on their credit cards every year. New research has found that rate increase on cash withdrawals add at least £41 million in interest charges to cardholder credit card bills – although this figure could be as much as £334 million – and a pretty easy way to get yourself into debt.

A debt advisor has been sacked from her job for saving the life of a woman who was contemplating suicide.

The 58 year old advisor was dismissed from her duties after being told by her boss that she had breached customer confidentiality by calling the distraught woman’s GP.