Credit, Collections & Insolvency News
A National Student Money Survey has found that 63% of respondents skip meals at least some of the time to save money. The data showed that surveyed students spend an average of £1,146 per month on living costs (£1,326 per month in London) with on average, Maintenance Loans fall short of spending on living costs by £467…
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Money Wellness, four MPs and twelve organisations are leading a call to make the public insolvency register private. Someone fleeing an abusive partner who needs help with their debts can have their name, date of birth and home address published on the Government’s Individual Insolvency Register. The register is publicly accessible for anyone to search.…
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Newly commissioned research from TopCashback has revealed that more than a quarter (27%) of adults view September as a bigger money reset than January. In fact, a third (32%) of UK adults believe September is the perfect time to get their finances back on track. However, despite the desire to reset, the findings reveal a…
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New research from Aqua has revealed that almost two in five people (38.8%) typically run out of money before their next payday, while more than a quarter have money left over 28.2% of people have some money left over before their next payday, while 22.8% say their money usually lasts until payday. However, 38.8% find themselves…
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Parents and guardians face a request to spend money on their child’s school life more than once a fortnight, costing them nearly £500 a year, according to research from savings app Spring. The study found that families receive an average of 21 requests for school-related spending or contributions during each 38 week academic year. These…
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New figures released by the Finance & Leasing Association (FLA) have shown that second charge mortgage new business volumes grew by 9% in June 2026 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer Finance & Mortgages and Inclusion the Finance & Leasing Association (FLA), said…
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New research from StepChange Debt Charity has revealed growing concern about household finances, with millions of people worried about how they will cope as energy costs are expected to rise ahead of winter. The data shows that two in five (41%) British adults, equivalent to around 22 million people, expect their finances to worsen over…
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Families could be spending over £15,500 on hidden costs including school clubs, uniforms and trips over a child’s school career, according to new Nationwide research. School clubs account for the biggest share of that cost, with parents spending an average of £700 each year on clubs and associated costs, almost twice as much as uniform…
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Prime Minister (PM) Andy Burnham’s early cost-of-living measures may have given households some immediate relief. Still, nearly two-thirds of UK consumers (63%) are concerned that the Government’s recently announced policies could ultimately leave their household worse off, according to new research from Novuna Personal Finance. The findings come after the Government decided to remove VAT…
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Latest monthly figures from the Insolvency Service for England & Wales showed that personal insolvencies remained broadly stable in July 2026 compared to the previous month, with 11,926 people entering insolvency compared to 11,934 in June. Personal insolvencies were 14% higher when compared to July 2025, when the figure was 10,454. The insolvencies consisted of…
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Millions of working households could see their finances unravel far sooner than they realise, according to new analysis from Royal London, which warns that the UK’s financial resilience remains worryingly weak despite signs of recovery from the cost-of-living crisis. The report found that the average UK adult scores just 33% on its Financial Resilience Barometer,…
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New research from Nationwide has revealed the biggest mistakes made by today’s students at university – with money worries topping the list far more than they did for previous generations. Notably, current students are significantly more likely than parents to regret financial mistakes made, not budgeting or tracking spending (20%), and overspending (18%) – a…
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Research from Pay.The UK has suggested that school leavers may say they feel confident about money, but many are losing cash due to poor everyday money admin habits. The survey of over 2000 school-leavers aged 16-19 found that while seven in 10 (69%) claim they feel confident that they have the skills and ability to…
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