Credit, Collections & Insolvency News
January is the month of the most registered deaths and the highest funeral bills of the year according to latest figures released by SunLIfe. The month always sees more registered deaths than any other time of the year, with 47,336 in the first four weeks of 2016; 17% more than the rest of the year. And…
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The Office for National Statistics (ONS) has published UK consumer price inflation statistics for December 2016, which show that inflation rose by 1.6 percent in the year to December 2016, compared with a 1.2 percent rise in the year to November. Commenting on the statistics Joanna Elson OBE, chief executive of the Money Advice Trust,…
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Over a third (34%) of Brits are worried about falling victim to fraud, according to new research. The poll* also found that 12% of UK adults (5.9 million people) have already been a victim of a financial fraud, while one in ten said that at least one of their online accounts has been hacked. The…
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The Money Advice Trust has appointed Adrian Keasey and Anna Bennett to its Board of Trustees as of January 2017. With over 25 years of experience in ICT, Keasey also serves as a member of the charity’s grants committee. Currently focusing on the transformation of global business models at Fujitsu, Adrian has previously held a range…
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New research from Lloyds Bank reveals Britons spent an average of £465 each on Christmas 2016, with a majority admitting to not making an overall budget. Moreover, one-in-ten (11%) respondents spent over £1,000 over the festive period, while almost one in five (17%) of those with children in their household admitted to spending more than £1,000.…
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Demand for debt advice is surging this January, according to new figures from National Debtline,. The news comes as many credit card bills begin to arrive through letterboxes this week. Calls to National Debtline in the first eight working days of 2017 are up 17 percent compared to the same period in January 2016, with…
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New figures released today by the Finance & Leasing Association (FLA) show growth of 9% in consumer finance new business in November, compared with the same month in 2015. Credit card and personal loan new business together grew by 10% compared with November 2015, while retail store and online credit new business increased by 3%…
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Creditfix has released new figures that show that personal debt is having a negative impact on the mental health of individuals affected by financial problems. In a UK-wide survey of people currently in an Individual Voluntary Arrangement or Protected Trust Deed (IVA/PTD) with Creditfix, 74 per cent of respondents said their personal debt situation had…
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New research* from Gocompare.com Money has found that, on average, people now manage over 30 accounts across all aspects of their lives, from online banking and shopping, to gym memberships and subscriptions for home entertainment. And almost a third of us are stressed out by trying to keep track of them all. The survey of…
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The Scottish Federation of Housing Associations (SFHA) has raised concerns about the inconsistent messaging from the Department for Work and Pensions (DWP) following their claim the LHA cap – dubbed the Bedroom Tax 2 – will not apply to existing tenants. The DWP statement in a Scottish Herald article on 3rd January claimed the ‘cap’ on social…
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Latest statistics from the ONS indicate that median UK household disposable income was £26,300 in 2015/16, £600 higher than the previous year and £1,000 higher than its pre-downturn peak (£25,400) in 2007/08 in the year ending March 2016. Median disposable income for the poorest fifth of households rose £700 (5.1%) in 2015/16 to £13,600. In…
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The Money Advice Trust has welcomed an expected commitment from the Prime Minister to review GP charges for the Debt and Mental Health Evidence Form. The form enables people with mental health and debt problems to access additional support from their creditors, such as freezing interest payments and other forbearance measures. The announcement of a government…
Read moreOrganisations that work with homeless people and give housing support to vulnerable are to benefit from £1.65 million of Scottish Government grant funding. The Housing Sector Voluntary Grant Scheme helps third sector organisations to deliver housing-related projects and services. The 2017/18 allocation will benefit 17 different organisations whose work includes helping older and disabled people…
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