Credit, Collections & Insolvency News
Debt advice specialist, Money Wellness has warned the cost-of-living crisis is far from over despite the topic falling down news agendas in recent months. The organisation reiterated the warned after referring more than 21,000 people to food banks during the first six months of the year – up from 10,622 in the last half of…
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Motor insurance premiums have increased by over a fifth in the past year, despite a 2% dip in average prices in the second quarter of this year. The average cost of car cover fell to £622 from a record high of £635 in the previous quarter, but remained 21% higher than the same period last…
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The Financial Conduct Authority (FCA) has secured an order of £4 million against an unauthorised mortgage broker and its associates who exploited vulnerable consumers. London Property Investments (U.K) Limited (LPI) arranged mortgages while NPI Holdings Limited (NPI) bought properties and rented them back to the sellers, both without FCA authorisation. Daniel Stevens, the director of…
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More than 2.7 million debts were referred to bailiffs by local authorities in England and Wales during the 2022/23 financial year, according to new research conducted by the Money Advice Trust, the charity that runs National Debtline, and the Centre for Social Justice think-tank. The findings, based on Freedom of Information requests to local authorities,…
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