Credit, Collections & Insolvency News
Latest data from Hargreaves Lansdown has found that households with unsecured debts (like credit cards and loans) spend an average of £259 a month on them. Bank of England showed that the annual growth rate for all consumer credit was 8.1% and for credit cards it was 12.1% – the highest since January 2024. In…
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A new report on the DWP, the Public Accounts Committee (PAC) is calling out the unacceptable waits some people face for their Personal Independent Payment (PIP) to be processed, which can cause them to get into debt and push them into poverty. The report cites examples of people waiting over a year for their PIP…
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Afin Bank has announced it has appointed two new Senior Business Development Managers (BDMs) as the specialist lender focusses on growing its sales team in 2026. Debbie Lavender joins Afin from PWM (Partners Wealth Management), where she was a specialist mortgage broker, and will look after the Midlands and the North. John Smith joins from…
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New research by Nationwide suggests 2026 will be a year for leisure and travel spending, despite more than half (54%) being concerned about the rising cost of living. Longer holiday and shorter breaks, festivals, concerts, experiences and wellness dominate the wish lists of more than four in ten (41%) consumers determined to treat themselves this…
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On the first Monday of the year, (5th January, 2026), StepChange Debt Charity had its busiest day in more than a year, as 800 clients went through debt advice, which is higher than any day in 2025. The charity has also seen nearly 100,000 people visit its website since the start of 2026. Almost 4,000…
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