Third of households haggling on bills due to cost-of-living

23rd February 2023 Arrears and Recoveries |

More than half of the UK population are either haggling on their regular bills or intend to do so, according to new research from Go.Compare, as the cost of living crisis continues to impact households. After interviewing more than 2,000 UK adults, the comparison site found that a third (33%) of people have already started…

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Over-50s fear they will not be able to afford a recession

23rd February 2023 Arrears and Recoveries |

A third of people over-50s have concerns about being able to put enough food on their tables if the UK slips into the recession new data from Livemore has found.  The data also shows more than half of 50-90 year olds fear that they will not be able to heat their homes or pay other…

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11.5 million borrowed more money or used more credit than the previous year

23rd February 2023 Arrears and Recoveries | #debt

New ONS data on debt and wellbeing has found that more than a fifth of adults in the UK (22%, equal to around 11.5 million people) reported borrowing more money or using more credit than the previous year because of the increased cost of living. Nearly a third (31%) said they would be unable to…

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Four in ten admit they are relying on Inheritance for financial security

23rd February 2023 Consumer Collections | #Inheritance

Half of people admit they have checked what their parent’s home is worth with over four in ten admitting they are relying on an inheritance for future financial security according to research by Zoopla. The figures show that more than four in ten (43%) are relying on inheritance from home-owning parents during increasingly challenging economic…

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