New research from the Financial Conduct Authority (FCA) has found that while many are struggling to meet financial commitments 7.4 million people were struggling to pay bills and credit repayments in January 2024, down from 10.9 million in January 2023.
According to new research by Compare the Market, the annual cost of household bills is expected to decrease by an average of £350 year-on-year starting April 2024. The analysis includes energy, water, home insurance, motor insurance, and council tax costs.
Debt Awareness Week aims to shed light on the challenges individuals encounter while dealing with various types of debt and to emphasise the importance of seeking help to manage their finances effectively.
Latest Bank of England data has highlighted that mortgage defaults and missed payments on credit cards and loans both surged at the end of the year, and are expected to keep rising.
According to a new survey from Nationwide, 84% of people expect this January to be the toughest yet financially due to Christmas spending added to debt from the cost of living crisis.
New research by Lowell has found that over a quarter (28%) more people think they will have any Christmas debt paid off by the end of February when compared to last year.
Debt can be a significant source of stress and anxiety for many people. Studies have shown that there is a strong link between mental health and debt.
The latest figures from the Insolvency Service have indicated that personal insolvencies in England & Wales decreased by 18.5% to 9,409 in April 2022 compared to 11,550 in March.
Follow our tips and advice for straightforward ways to save energy, lower your bills and reduce your carbon footprint. Whether you’re a homeowner, a private or social renter, or you live with your parents, there are lots of things you can do.
Just when you’re starting to recover from the extra money you spent at Christmas, along comes Valentine’s Day, which for many is another pressure to spend money that you don’t have.