Credit, Collections & Insolvency News
UK adults are set to take out more than £13.2 billion worth of loans this year to consolidate debts, according to new research by Go.Compare. The research estimates that more than 1.5 million adults plan to take out a loan for debt consolidation, meaning lenders will provide billions in payments. This could suggest that a substantial…
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New research by Hodge has found that more people are borrowing into their retirement to help out with debt consolidation and meet day to day living costs. The research found that over two thirds of brokers say lending up to and into retirement in the UK is changing, with greater numbers borrowing into their retirement…
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Research from Freedom Finance has revealed that the growing demand for consumer credit is being underpinned by a move for consumers to consolidate debt. The analysis found that forty-one percent (41%) of all people who searched for a loan through Freedom Finance’s platform in April 2023 were looking to consolidate debt. The second most common reason…
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