subscriptions

Consumers save £400 a year by cancelling subscriptions but still losing money to direct debit trap

28th August 2025 Consumer Collections | #subscriptions

New research from HSBC has revealed that while consumers are actively cutting back on subscription services, many are still losing money to ‘invisible spending’ – particularly through automatic payments they forget to cancel. The survey of 2,000 UK adults, released as part of HSBC Invisible Spending campaign, found that people are saving an average of…

One in three younger generations choose to lease their cars

11th April 2024 Consumer Lending | #subscriptions

Britain’s younger generations are fueling the growth of the subscription economy, as nearly one in three are choosing to lease their vehicles through a monthly payment, according to AA Car Finance. From streaming to gym memberships, businesses offering their services for affordable monthly payments are breaking barriers for cash-strapped younger generations, as shown by the…

Consumers spent £688m on unused subscriptions over the past year

11th March 2024 Consumer Collections | #subscriptions

New research from Citizens Advice has found that over 13 million people (26% of UK adults) have accidentally taken out a subscription in the last 12 months. These subscriptions cover services from fitness apps to food delivery services, and repeat pet food to magazine subscriptions. The charity is warning that the problem of subscription traps…

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subscriptions

Consumers save £400 a year by cancelling subscriptions but still losing money to direct debit trap

One in three younger generations choose to lease their cars

Consumers spent £688m on unused subscriptions over the past year

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