debt management

Debt charity experiences busiest days in more than a year

12th January 2026 Arrears and Recoveries | #debt management

On the first Monday of the year, (5th January, 2026), StepChange Debt Charity had its busiest day in more than a year, as 800 clients went through debt advice, which is higher than any day in 2025. The charity has also seen nearly 100,000 people visit its website since the start of 2026. Almost 4,000…

Almost half of consumers anticipating a financially difficult year

2nd January 2025 Consumer Collections | #debt management

New research by Go.Compare Money has revealed Britain’s biggest money concerns for the new year, with 45% of people saying they are anticipating a bad year financially. The survey asked consumers about their feelings towards their finances as the new year begins, as well as their top money worries. It found that more women (47%)…

Changes to debt relief orders making a real difference to the financially vulnerable

26th June 2024 Consumer Collections | #debt management

The removal of the £90 debt relief order (DRO) administration fee in April has already had a significant impact on the number of financially vulnerable people applying for support according to Money Wellness, one of two commissioned DRO hubs in England. The debt sepcialist says that it has seen a 50% increase in applications in…

UK workers will be worse off in 2024 than in 2019

6th September 2023 Arrears and Recoveries | #debt management

The Resolution Foundation says inflation could fall to 3% by the next election, and interest rate hikes are likely to dry up. However, taxes will rise, cost of living payments will end, and rents and mortgages will be higher, so we’ll be no better off than we are now – and much worse than when…

Generation Z under threat from rising bills

22nd February 2022 Arrears and Recoveries | #debt management

Generation Z are far more likely to be living on the edge with only 14% having enough spare cash to be resilient to rising prices compared to 52% of Millennials, 60% of Baby Boomers and 64% of Generation X according to research by HL Savings and Resilience Barometer, produced with Oxford Economics. The research also…

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