Credit, Collections & Insolvency News
Research from Freedom Finance has revealed that the leading challengers and neo banks added over £1.5 billion of capacity to the UK’s unsecured personal loan market in 2022. The analysis reveals that a basket of challenger brands and digital-only lenders increased unsecured personal lending to consumers by over £1.5 billion, an increase of 34% on…
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More than 16 million households have over £6.7 billion in energy credit balances with their suppliers according to new research from Uswitch.com. Credit balances are £5.3 billion higher than last year against the background of a mild winter and household efforts to reduce energy use. Households also benefited from the £400 in Government energy support between…
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Households on traditional prepayment meters are being urged by the Government to redeem their energy bill support vouchers, with £160 million remaining to be claimed. Prepayment meter customers have so far claimed £620 million under the government’s Energy Bills Support Scheme (EBSS). New figures show that more than £780 million in EBSS vouchers have been…
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Money and mental health are strongly linked, with a report from the Money and Mental Health Policy Institute showing one in five people (18%) living with a mental health problem are also in problem debt and are also 1.5 times as likely to struggle with bills and credit commitments. A report titled ‘Mental Health and…
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Consumers have been warned over the plague of claims management firms targeting people who may have been mis-sold a car finance deal annual data from the Financial Ombudsman Service (FOS) has revealed. FOS analysis of shows there were 11,452 complaints about motor finance deals between in the twelve months to March 31, up from 6,128…
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