ELECTION: Calls on parties to use election manifestos to tackle problem debt crisis

7th November 2019 Consumer Collections |

StepChange debt charity has published the key measures that it wants the next Government to prioritise to address the harm of problem debt and to help households build greater financial resilience for the future. The StepChange election manifesto calls on each of the political parties to commit to these measures during the General Election campaign.…

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ELECTION: Government urged to act on preventable problems

7th November 2019 Consumer Collections |

Citizens Advice is calling on the next government to take action to prevent some of the problems faced by over 2.5 million people who seek its help each year. As part of its 2019 election manifesto the charity is calling for major reforms across welfare, debt, housing, consumer markets and energy. Gillian Guy, Chief Executive of…

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Consumers keen on biometric verification

7th November 2019 Consumer Collections |

Consumers are keen to use biometric verification in a wide range of circumstances from online shopping and banking to confirming their age at a pub and even voting in elections, according to new research from Equifax, the business and consumer insights expert. Almost three quarters (71%) would be happy to completely replace traditional security methods…

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Consumer car finance market increases by 4%

7th November 2019 Consumer Collections |

New figures released by the Finance & Leasing Association (FLA) show that new business in the point of sale (POS) consumer car finance market grew 4% by volume and 7% by value in September, compared with the same month in 2018.  In Q3 2019 as a whole, new business grew 3% by volume and 5%…

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Household debt has increased by a third since 2010

7th November 2019 Consumer Collections |

A decade of low pay has driven working families deep into the red, and in nominal terms, household debt has risen 1.5 times faster than wages since 2010. according to new analysis published by the TUC. Real wages in the North East still haven’t recovered to their 2008 levels – the longest pay squeeze in centuries.…

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Consumer finance new business increased by 8% in September

7th November 2019 Consumer Collections |

New figures released by the Finance & Leasing Association (FLA) show consumer finance new business grew by 8% in September, compared with the same month last year. In Q3 2019 as a whole, new business grew by 4% compared with the same quarter in 2018. In September, credit card and personal loan new business together…

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