Credit, Collections & Insolvency News
Half (48%) the UK public think a key reason more young adults today cannot afford to buy their own home is they spend too much of their income on things like takeaway coffees and food, mobile phones, subscription services like Netflix and holidays abroad, according to a new study by the King’s College. In reality,…
Read moreThe cost of childcare has soared over the past decade and is now more than £2,000 a year higher than it was in 2010, according to analysis from the Trades Union Congress (TUC). The analysis shows that nursery fees for under 2s have risen by £185 a month – or £2,200 a year – since…
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UK Finance’s latest Business Finance Review has indicated a gradual return to normal lending trends across SMEs during the first quarter of 2022. The research found a modest uptick in demand for cashflow finance through overdrafts and invoice finance and asset-based lending – as a consequence of both the end of Covid-19 restrictions and the significant…
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Millions more people have been targeted by scammers as the cost-of-living crisis takes hold, new research by Citizens Advice has found. More than three quarters of UK adults said they have been targeted by a scammer this year – a 14% increase compared to this time last year. The most common types of scams reported…
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New research from the Building Societies Association (BSA) has found that showed more than six in ten (61%) people in work are finding their bills and credit commitments a burden, with close to one in five employees not being able to cover their living expenses for one month if they lost their main source of…
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