8th August 2016 - Credit Connect

Citizens Advice calls on creditors to pass on interest rate cut following research

8th August 2016 Consumer Collections |

A research report by Citizen Advice finds that high levels of debt make people less likely to move house, apply for a new job or start a business, exposing the ways excessive debt damages life chances. Following the Bank of England’s decision last week to cut interest rates to 0.25%, Citizens Advice is also calling…

Scotland’s Personal Insolvency rates decline

8th August 2016 Consumer Collections |

Latest statistics from Accountant in Bankruptcy (AIB). The overall rate of personal insolvencies, which include both bankruptcies and protected trust deeds, has decreased a quarter in the last financial year from 25.13 to 19 per 10,000 adults. The number of Scots entering a Debt Arrangement Scheme (DAS) also fell to half the rate of the previous financial year,…

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Citizens Advice calls on creditors to pass on interest rate cut following research

Scotland’s Personal Insolvency rates decline

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