On 9th May, Christians Against Poverty (CAP) published its annual client report, Changing Perceptions. The report is designed to highlight some of the running trends we are seeing in the lives of our clients, helping to build a picture of what life is like in debt and poverty in the UK today. In 2018, CAP…

The number of businesses and individuals coming to me over the last few years with debt and mental health issues has worryingly increased. The damage I have seen to people’s lives because of mental health issues caused by debt can be heart-breaking. But with the right help and action plan that doesn’t need to be…

The number and total value of small claims judgments in Northern Ireland dropped to record lows in the first quarter of 2019 compared to the same period the previous year, according to figures released by Registry Trust. There were 1,750 small claims judgments in the first three months of 2019, 22 percent fewer than in…

Insurance provider, Hastings Direct, has announced it has extended its relationship with Equifax, the consumer and business insights expert, in a multi-year deal. Equifax provides fully integrated data solutions to inform and support the speed and accuracy of Hasting Direct’s pricing decisions. The partnership between Equifax and Hastings Direct harnesses consumer data, ID verification and…

The number of complaints to the Financial Ombudsman Service (FOS) about fraud and scams has surged to record highs, figures show. The 40% rise in grievances after people have been tricked out of their money has pushed the overall number of complaints to its highest level in five years. For the first time in ten…

The Financial Ombudsman Service (FOS) has released its latest complaints data which shows that complaints against high-cost short term loan providers (payday lending) rose by 130% in March. High-cost short term lending complaints accounted for 39,715 of the new disputes. FOS said the surge of complaints in the sector contributed to a 14% rise in…

Credit Insurance specialist Euler Hermes has issued its annual review and forecast of global average Days Sales Outstanding (DSO), based on a sample of 25,000 listed companies across 20 sectors and 36 countries. Days Sales Outstanding (DSO) is a measure of how long it takes companies to collect cash from customers. Euler Hermes’ study shows…

A new study of parents has discovered the true price parents will pay for extracurricular activities before their children turn 18, with as many as 77 percent admitting they feel under huge pressure to find extra cash each week for activities, tuition, sports training and clubs, as school budgets are cut and families are left…

Fintech platform Freedom Finance has announced that it has appointed Jake Ranson as Chief Customer Officer (CCO) to further drive its digital transformation. Ranson joins from Equifax where he held the position of Chief Marketing Officer for Europe. Ranson will be responsible for furthering Freedom Finance’s customer strategy, helping potential borrowers to understand and unlock…

According to the National Numeracy Day campaign, around half the UK’s adults have poor numeracy skills. Yet evidence suggests becoming a “numbers person” can help you save money and make money. To mark National Numeracy Day, StepChange is hosting a “Budgeting Special” Facebook Live event from 12:30pm onwards [15 May], to which questions can be…