Credit, Collections & Insolvency News
Latest monthly figures from the Insolvency Service for England & Wales showed that personal insolvencies decreased by 2% in September 2026 compared to the previous month, with 11,894 people entering insolvency compared to 11,684 in August. Personal insolvencies were 9% higher than in September 2025, when the figure was 10,952. The insolvencies consisted of 671…
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New research from the Centre for Responsible Credit has found that around 3.5 million low- to middle-income households in Britain, 44% of those who use credit, cannot afford both their essential living costs and their credit repayments. For these households, the median budget shortfall is around £633 a month. The report analyses Bank of England/NMG…
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New research from Investec has shown that changes to inheritance tax (IHT) rules are set to increase the financial support provided through the Bank of Family. More than one in five (22%) retired people say they plan to increase how much they give their family over the next five years as a direct result of…
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Just under half (49%) of working women are now classed as financially vulnerable, compared to 35% of men, according to analysis by the financial wellbeing firm Hymans Robertson Personal Wealth. The research investigated the financial wellbeing of the UK workforce, lifting the lid on how frequently they have stressful feelings about their finances and where…
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Despite the cost-of-living squeeze, new Nationwide research reveals that almost one in five (20%) 25–34-year-olds say they plan to “go big” this Halloween and spend more than they did last year, even though nearly a quarter (24%) of the same age group say they expect to spend less because of rising living costs. Among those…
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New analysis from Lloyds Banking Group finds that financial empowerment, having the confidence, capability and control to make informed financial decisions has no single UK postcode. Across the country, people are using digital tools and AI for different priorities, from budgeting and debt reduction to investing, saving and planning, with distinct regional patterns emerging. Nationally,…
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More than half (52%) of adults aged 25-55 have experienced a major life event, such as redundancy, serious illness, bereavement, or relationship breakdown, in the last three years, according to new research commissioned by the Money Advice Trust, the charity that runs National Debtline. These events often have significant financial consequences, with one in five…
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New research by the Personal Finance Research Centre, University of Bristol, in partnership with StepChange Debt Charity and funded by NatWest Group, has revealed acute housing pressures, debt and lasting pandemic impacts affecting under-35s. According to the report, almost half (44%) of StepChange clients aged 18-34 surveyed have borrowed money to cover their housing costs.…
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Enforcement agents in England and Wales face an average of 16 incidents of assault or threats of assault every day, according to a new report published today by the Civil Enforcement Association (CIVEA). The report finds that violence against frontline agents is escalating and is routinely dismissed as an occupational hazard. CIVEA, the trade association…
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Fewer than one in ten (9%) adults with living parents have discussed how finances should be managed if they developed a condition such as dementia. This is despite more than half (53%) saying they would feel comfortable having the conversation, according to new research from Nationwide. A lack of preparedness means that nearly a quarter…
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Latest Bank of England data (Quarter 3 2026) has shown that credit card defaults increased in the three months to August, with banks and building societies expecting further rises by November, highlighting growing risks in unsecured lending. Within the overall figure, demand for credit card lending was unchanged. Mortgage defaults fell slightly and are expected…
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The past five years of a near-continuous cost of living crisis have caused the real incomes of typical working-age households to fall rather than grow, leaving them £2,900 (7.9 per cent) worse off this year compared to a world of normal inflation, according to new analysis published by the Resolution Foundation. The report Counting the…
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Half of young adults in the UK say a lack of financial education directly contributed to their housing struggles, according to new research published today by financial education charity Money Ready and funded by the Berkeley Foundation. Launched ahead of World Homeless Day, the findings highlight that millions of young people are entering the housing…
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