Credit, Collections & Insolvency News
Funeral costs have increased at almost twice the rate of inflation over the past 20 years, according to research by SunLife.The latest data shows that after two years of lower funeral costs – in part due to the pandemic – prices are on the rise again. In 2023, the average funeral cost was £4,141 –…
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According to a new survey from Nationwide, 84% of people expect this January to be the toughest yet financially due to Christmas spending added to debt from the cost of living crisis. More than half (52%) believe January is the time of year that causes the most financial stress. While 51% blamed Christmas spending for…
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North-West law firm, Barings Law has welcomed the FCA’s decision to investigate whether millions of people were overcharged for car loans, having issued more than 6,000 claims in the courts against some of the UK’s leading lenders, with thousands more to be issued soon. In addition to the legal action, the firm has also began successfully…
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Rent reporting platform, CreditLadder has announced a partnership with Digital ID Connect. The agreements will allow Digital ID app users to report their rental payments into the four main credit reference agencies. Just under 40% of people in England rent, and this increases to over 50% in London*. To help bring financial fairness to these tenants,…
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