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15 September, 2011

Money Advice Trust warns of ’havoc’ of unemployment

New research suggests that one in eight people sacked or made redundant will experience ‘severe’ debt problems.

14 September, 2011

Office of Fair Trading warns consumer credit businesses to communicate clearly and fairly

OFT reinforces the need for licensed debt collection agencies to comply with relevant guidance following Tribunal's decision to revoke consumer credit licence of debt company.

12 September, 2011

Poor households experience higher inflation than rich

Institute for Fiscal Studies research shows that families have seen the biggest fall in living standards in 30 years.

7 September, 2011

Soaring cost of childcare is pushing the poorest out of work and children into poverty

Save the Children and Daycare Trust call on the government to increase the amount they plan to spend on childcare support under universal credit.

30 August, 2011

Citizens Advice responds to revision of OFT guidance on credit brokers and intermediaries

Revision of guidance welcomed although some sections, including banning cold calling altogether, do not go as far as charity would like.

17 August, 2011

Homelessness fears for almost three million renters

Research published by Consumer Credit Counselling Service shows that 2.9 million renters are in rent arrears or struggling to pay their rent.

11 August, 2011

Little change in mortgage repayment problems in second quarter of 2011

New Council of Mortgage Lenders figures also show number of repossessions in first half of year down by 7 per cent on last year.

1 August, 2011

CML ‘disappointed’ at Scottish government decision affecting repossessions in Scotland

RBS v Wilson judgment has led to lenders needing to serve a calling up notice and wait two months before starting court proceedings for repossession.

27 July, 2011

6.2 million households financially vulnerable

Consumer Credit Counselling Service predicts significant increase in people seeking help with debt as more households fall into financial difficulty.

26 July, 2011

Concern about debt burden of low income households

Consumer Credit Counselling Service highlights that unsecured debt of those earning up to £13,500 a year is £12,870 which averages 199 per cent of their annual income.

25 July, 2011

Household Finance Index lowest for over 2 years

Report published by Markit shows that 38 per cent of households saw their finances deteriorate since the previous month.

21 July, 2011

Consumer Finance Association launches new code of practice for pay day lenders

Customer commitments include, seeking to establish that customers can afford repayments, and making sure applicants are shown total cost of repayment clearly and prominently before they apply for a loan.

21 July, 2011

Citizens Advice responds to consumer credit and personal insolvency review

Charity 'disappointed' that government concludes there is no need for changes to personal insolvency and debt remedies.

20 July, 2011

Government publishes response to call for evidence on personal insolvency review

Proposals include strengthening voluntary codes of forbearance where debtors need to seek debt advice or recover from sudden income loss, and a consultation on how to facilitate access for bankrupts to a basic bank account.

20 July, 2011

25 per cent increase in Scottish insolvencies in first quarter of 2011

However, Accountant in Bankruptcy statistics show one per cent decrease in number of people declared insolvent on the same period last year.

19 July, 2011

Insolvency Service publishes Annual Report and Accounts 2010/2011

Figures highlight number of personal insolvencies, bankruptcies, debt relief orders and individual voluntary arrangements.

14 July, 2011

Government needs to take action to improve energy efficiency of people’s homes

Citizens Advice responds to fuel poverty statistics which show that 5.5 million people in the UK now face living in freezing conditions.

14 July, 2011

6.2 million households identified as financially vulnerable

Consumer Credit Counselling Service research shows that 3.2 million people are in financial difficulty with a further 3 million 'at risk' of getting into financial difficulty.

13 July, 2011

Government must not forget poorer homeowners

TUC report calls for a new approach to housing policy and says that although more people want to own their own homes, home ownership does not always bring prosperity.