Credit, collections & insolvency news
New research by Centre for Economics and Business Research (Cebr) has found that the average household expected to spend £40 more this Christmas, but real expenditure is still falling short of pre-pandemic levels Cebr says that the cost-of-living crisis and the lingering effects of the pandemic have reshaped the financial landscape for UK households. This…
Read more
New YouGov polling by StepChange Debt Charity has revealed that more than one in four people (28%), equivalent to around 14.5 million, will struggle to afford Christmas this year – which is a rise of 1.6 million people since last Christmas (25%). The new survey also shows that among people with children at home, over…
Read more
Two-thirds of consumers have used or plan to use retail credit during the Christmas season according to research by Moneyhub. The report has revealed that retail credit users spend an average of £1,012.55 over the holidays, with £759.71 with nearly three-quarters financed through retail credit. The data showed that 64% of people are struggling to…
Read more