Debt Management and Advice

Borrowing risks to households following Brexit

The Bank of England Financial Policy Committee report published its Financial Stability report, which identified “the high level of UK household indebtedness.”   

Civil Servants Credit Union to launch

The Department for Work and Pensions (DWP) has launched a Credit Union for civil servants. The DWP has around 85,000 employees. The DWP has set up the scheme with 3 Credit Unions – Commsave, Hull & East Yorkshire and Voyager Alliance.

One in ten homeowners aged over 55 still have interest-only mortgages

Research from over-60s property experts Homewise suggests that up to one in ten over-55s homeowners across the UK are still paying interest-only mortgages therefore facing the prospect of clearing their debt when the deal runs out. 

1.3 million people helped by the Money Advice Trust in 2015

  The Money Advice Trust t helped 1.3 million people to tackle their debts and manage their money last year.

Money Advice launches Vulnerability Guide advising agencies on treating clients in vulnerable situations fairly.

Harrington Brooks acquire Debt Lifeboat business

Knightsbridge acquire Personal Debt Help Line (PDHL)