16 December, 2013
13 December, 2013
StepChange Debt Charity reports that message from government is that the FCA will take action if no improvement by end of next year.
12 December, 2013
'Rent arrears are now the fastest growing debt problem we help people with', says Chief Executive of Money Advice Trust.
10 December, 2013
Ofcom research also shows that 55 per cent of payday loan adverts were broadcast on daytime TV.
5 December, 2013
However, new National Audit Office report says the Service's provision of generic money advice is not achieving value for money, although this is improving by starting to target resources at areas of greatest need.
3 December, 2013
New statutory rule amends the Insolvency Rules (Northern Ireland) 1991 to the effect of excluding debts in relation to the social fund, by way of crisis loan or budgeting loan, from being scheduled in a debt relief order or provable in bankruptcy proceedings.
3 December, 2013
3 December, 2013
New Treasury Committee report calls on the government to commission an independent review to assess whether the Money Advice Service should continue to exist and, if so, how it can overcome the serious problems identified.
2 December, 2013
New Environmental Audit Committee report comments on decision to redefine amount of people who can be counted as ‘fuel-poor’, leading to reduction from 3.2m to 2.4m 'overnight'.
27 November, 2013
New study by the Money Advice Service finds that although the majority of the over-indebted population report that debt is having a negative impact on their lives, only 17 per cent are currently receiving advice.
26 November, 2013
According to BBC Newsnight many mortgage applications have been instantly declined and credit scores adversely affected after people took out payday loans, whether or not they had difficulties repaying the cash.
25 November, 2013
HM Treasury announced today that the cap will be established through amendments to the Banking Reform Bill, which is currently going through parliament.
21 November, 2013
New Citizens Advice Scotland briefing says its year-long survey of borrowers shows that irresponsible lending practices in the payday loan industry are still widespread.
20 November, 2013
New Centre for Social Justice report, 'Maxed out', also finds that average debt repayments within the poorest 10 per cent of UK households amount to nearly half their gross monthly income.
11 November, 2013
Money Advice Trust also reports that of its 'My Money Steps' users in arrears to their telephone company, over 15 per cent owe more than £1,000 on their phone bill.
28 October, 2013
Results of survey of more than a thousand young people aged 15-17 reveal that the harder the family finds it to cope with saving for emergencies, the less confident the young person is at managing their own money, and less likely to be developing positive money habits.
28 October, 2013
'We expect businesses in the debt management sector to behave with integrity and treat their customers fairly... We will not hesitate to revoke the licences of debt management businesses that fail to do so', says Senior Director of Consumer Credit
17 October, 2013
Speech today to outline plan to recoup £13m which would be used to fund credit unions, reports Guardian.
17 October, 2013
'Church must be actively involved in supporting the development of real lending alternatives, such as credit unions', says Justin Welby.
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