SPENDING AND SAVING: Use loans and credit wisely and avoid falling into the debt spiral

Many people are borrowing to bridge the gap between earnings and essential expenses.

The company behind the Asda credit card has added to its debt pile after posting a widening loss. Jaja Finance, which operates the supermarket’s card alongside its own credit card services, has drawn down nearly £50m from a debt facility since March, for which it pays an eye-watering 15 per cent annual interest rate. T

Ilia Penzin and Liliia Penzina at their café, T.O.L.K., in Bushwick. Paola Chapdelaine for BI Ilia Penzin and Liliia Penzina run T.O.L.K., a café in Bushwick, NYC, facing financial hurdles. T.O.L.K., opened in 2025, serves as both a coffee shop and art gallery, promoting local artists. Despite financial struggles, Pen

FT analysis shows signals of stress in the market are back to levels last seen in 2017