Ongoing decline of cash is threat to financial Inclusion

5th March 2020 Consumer Collections |

While the UK’s rapid shift towards contactless and digital payments continues apace, these moves remain a very real problem and threat to the financial inclusion of a significant number of UK adults, according to the statistics, produced by The Money Charity. The latest figures released from LINK, the UK’s cash distribution network, show that the number…

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Government urged to act over Coronavirus creating financial hardship

5th March 2020 Consumer Collections |

Citizens Advice is urging the government to protect millions of workers who may be pushed into financial hardship by government advice to self-isolate during the coronavirus. .This includes more than 5 million self-employed workers and at least 1.5 million low-income jobs that fall below the earnings limit to qualify for statutory sick pay. Plans published…

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Credit card consumers end up with different products to the one they wanted

5th March 2020 Consumer Collections |

Finance specialists TotallyMoney have revealed figures that show many are being handed a credit card offer very different to the one they applied for.  Although it’s not unusual for lenders to assess a borrower’s creditworthiness when they apply for credit, the latest research from TotallyMoney and MoneyComms reveals that many customers end up with a very different product to…

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