The portfolio is 35% in BB-rated issues, 35% in Bs, 15% in CCCs and 10% in bank debt.

FORBES: High Yield High Risk

In addition, the CCCS said there should be a free ombudsman service for people to challenge unfair credit terms.

BBC: Crooked lenders 'not being stopped'

Last month, the Consumer Credit Counselling Service (CCCS) said that the cost of consumer credit licences should be raised in order to deter loan sharks and other unscrupulous lenders.

BBC: Crooked lenders 'not being stopped'

It was here that he established the Centre for Contemporary Cultural Studies (CCCS) in 1964, an interdisciplinary postgraduate research centre that sought to synthesize literary studies with sociological ideas and analytical methods.

UNESCO: The Uses of Richard Hoggart