Credit, collections & insolvency news
Support for vulnerable people to access banking, build savings and improve financial resilience were part of discussions after Treasury Minister Tulip Siddiq hosted the first meeting of the new Financial Inclusion Committee. Made up of consumer groups and financial institutions, the focus is on tackling financial exclusion will discuss ways to provide individuals with poor…
Read more
People in the UK are feeling significantly less financially included than they used to be, as the pressure of the cost of living crisis continues to weigh on the public according to research by Principal Financial Group. The proportion of people who feel financially included in the UK has dropped to 56% from 73% a year ago, as…
Read more
New research by TotallyMoney and PwC has found that 10.7 million women are locked out of accessing mainstream financial products. The research also found that on average, women have a 10 point lower credit score than men, a gap that exists throughout their entire lifetime. Lenders are 16% less likely to provide women with pre-approved…
Read more