Credit, Collections & Insolvency News
Pay packets are still worth less than in 2008 in nearly two-thirds (63%) of UK local authorities, according to new TUC analysis. The analysis of official statistics shows that 16 years on from the global financial crisis, wages are set to be lower – in real terms – in 212 out of 340 UK local…
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The rate of mortgage arrears growth slowed to 3.9% in Quarter 1 from 5.7% in Quarter 4 2023, the lowest quarterly growth rate since the September 2022 when the combined effects of the cost-of-living crisis and the September 2022 Mini-Budget began to impact UK household budgets according to the latest data from Pepper Advantage. While…
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Research by Canada Life has found that four in five (79%) of over 55s who have retired, did so without the help of financial guidance or advice, preferring to opt for a DIY approach to managing their finances. The research also showed that nearly one in three (29%) of the same group admit they are not…
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Working families remain under significant financial pressure as they struggle to cover their most essential living costs, with family members of all ages increasingly aware of these challenges. UK families continue to grapple with balancing the books as living costs increase. These increases ever more frequently offset any rises in regular pay, rates for which…
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Data from the Equity Release Council has found that later life lending fell 6% to £504 million in the first three months of the year compared to the final quarter of 2023. The research found that the sector attracted 4,698 new customers between January and March, 11% lower than the final quarter of last year…
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Here is an overview of The Money Charity’s latest statistics for April 2024 Personal debt in the UK People in the UK owed £1,841.2 billion at the end of February 2024. The average total debt per household, including mortgages, was £65,569 and per adult was £34,617, around 99.2% of average earnings. Net mortgage lending decreased by…
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The Civil Enforcement Association (CIVEA) has announced the winners of its Excellence Awards at its gala dinner. The CIVEA industry awards showcased the best practices in the enforcement sector and highlighted exceptional performance. Notable winners included Carole Kenney from CDER Group in the Women in Enforcement category. JTR Collections (with Acquired) won the Innovation in…
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