Credit, collections & insolvency news
The annual cost of household bills is predicted to drop by £350 on average year-on-year in April 2024, according to new research by Compare the Market. The research analyses the cost of energy, water, home insurance, motor insurance, and council tax. It reveals that the combined cost of these household bills is set to decline…
Read more
New polling by Debt Justice indicated that a record 6.7 million people in Britain are now in financial difficulty. The polling conducted for Debt Awareness Week indicates that 13% of people have missed three or more credit or bill payments over the past six months. Debt Justice’s ,anifesto calls on all political parties to make a…
Read more
Parents are raiding their kids’ savings to help cover the cost of rising household bills and to pay down debts, according to research by leading financial mutual, Scottish Friendly. A survey of 1,000 UK parents found more than one in five (22%) have withdrawn money from their children’s savings. The majority of those (64%) have…
Read more
Two in five (41%) young adults are worried about their ability to pay household bills at a time when many costs are set to rise over the coming months, according to Comparethemarket’s latest Household Financial Confidence Tracker. As the cost of living has risen over the past 12 months, 44% of 18 to 24-year-olds feel…
Read more
Households expect to need more than £200 extra per month to cover the increase in bills set to take place in April, according to Comparethemarket.com’s latest Money Action Index. The index tracks the proportion of households who are concerned about the rising cost of living and are taking action to get their finances under control. The latest index…
Read more
Household bills have surged by £1,316 in the past 12 months, according to new research by Comparethemarket. The research analyses the cost of energy, home, and motor insurance, and reveals bills have increased significantly in the past year. The research found that a typical household spent £3,280 on their energy, car and home insurance in…
Read more
The cost of living increase has forced households to dip into their savings with rainy-day funds now depleted by over half since the start of the year, according to research by KPMG. The cost of essential goods such as food, energy and mortgage repayments has risen by £145.50 a month this year for the average…
Read more
Household bills fell marginally over 2021, with annual costs falling by £37 during the past 12 months, according to new data from comparethemarket.com. This new research which analyses the cost of energy, home, and motor insurance, based on comparethemarket.com’s switching data, shows that household bills were cheaper last year than the two years prior. A typical…
Read more