Credit, Collections & Insolvency News
Research by Capital on Tap has compared average wages across major UK cities to track how the cost of everyday goods and services changes over time. The analysis shows where real earnings are falling furthest behind and which regions are under the greatest financial strain. The data showed that Reading tops the list of where…
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A new study by Thinkmoney has found that two in five (39%) people currently using private weight-loss injections are getting themselves into mounting financial difficulty to fund the treatment. According to the survey, the average debt is exactly £1,616, with people’s preferred option to put the cost on a credit card (50%). Almost as many…
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Consumer confidence has been in negative territory for the past ten years, according to a survey produced by GfK. The Consumer Confidence Index was up one point to -16 in January. Three measures were up, and two were down, compared to last month’s announcement. The figures showed a slight increase in sentiment amongst consumers. People…
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New analysis from debt management firm Lowell has found that 61% of households (17 million) don’t have sufficient emergency savings to cover these unexpected costs without turning to credit. At the time of reporting, the cheapest fridge/freezer available at Argos would set someone back £160, a washing machine £189 and a dishwasher £189. Replacing a…
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