Credit, Collections & Insolvency News
Demand for debt advice has risen sharply this year, as debt charities StepChange, Citizens Advice and Money Advice Trust, report increasing numbers of people burdened by cost of living pressures. During the first half of 2023, StepChange has seen a 17% rise in new client volumes year-on-year. With more in need of support, the charities are…
Read more
Consumer confidence fell for the first time in six months, according to a closely watched monthly measure of household sentiment compiled by GfK. All six measures of the survey, which include future and current perceptions of personal finances, major purchases and views on the state of the economy, fell in July. July’s data was the…
Read more
A new report has revealed that more than a quarter (26%) of small business owners believe that they will be forced to cease trading if the outlook for their business does not improve – a potentially detrimental blow to the UK economy. The SME Insights Report, published by small business insurance provider Simply Business, also found…
Read more
The number of people over the age of 55 turning to lifetime mortgages is rising according to research by Bower Home Finance. The analysis says that the is rise is a bid to ease rising costs and interest rates. A lifetime mortgage allows enables homeowners aged 55 and above to access tax-free cash by release…
Read more
Latest figures from the Crime Survey for England and Wales (CSEW) has shown that fraud has returned to pre-coronavirus pandemic levels (no significant change); this suggests previous increases in fraud may have been specific to the coronavirus pandemic period, rather than a sustained change in trends Despite no significant change in fraud overall, there was…
Read more