Soaring energy costs and rising food and fuel prices are set to put an extra burden on families’ budgets over the school holidays, which begin this week with more parents being forced to turn to borrowing to make ends meet over the summer according to new research.
Financial stress could be impacting your life more than you think, it’s important to recognize the symptoms early.
Stress can come in many different forms, acute, episodic, chronic stress can be the result of different situations. Workplace stress, personal stress and psychological stress are all quite common. However, there is one that is less commonly talked about and that is financial stress.
Charity, Age UK is calling for urgent action as research by the company shows over 80 per cent of over-65s think the Government should step in to help poorer older people.
Buy now pay later (BNPL) has taken the online shopping scene by storm thanks to platforms like Klarna, Clearpay and Laybuy. Banks, both traditional and disruptors, are also embracing this type of lending with products like Monzo Flex and Barclays Partner Finance.
Latest statistics from the Insolvency Service have shown that Northern Irish business insolvencies increased by 29% whilst personal insolvencies doubled.
New research by GoCompare has revealed the impact that soaring household energy prices are having on consumers’ plans to decorate their homes this Christmas.
900,000 people are still expected to be on the scheme when it finishes on 30th September. As a result, huge uncertainty surrounds what might happen next.
The impact of the pandemic hits families hard with a third of those with children struggling to afford everyday goods.
New research from Yolt, has revealed that over one in six (16%) UK adults never review some of their key household expenses.
33 percent of women, compared to 19 percent of men, admitted they would not be financially stable in the event of a marriage breakdown, according to Fidelity International.
Debt in today’s society is rife and there has been an abundance of research carried out in relation to it, research has found that one in seven people have hidden debt from their partner.
Hundreds of thousands of people struggling with debt problems will be supported through a new debt respite scheme that launched today (4 May 2021).
A quarter of young people making Buy Now Pay Later (BNPL) repayments haven’t been able to pay for food, rent or household bills
Nearly a third (31%) of credit cardholders have been unable to repay their balance in full each month since the pandemic began.
New research from Lowell as part of Debt Awareness Week has revealed that seven in ten people don’t discuss their debt with anyone.
This week we are encouraging people to take The First Step towards getting debt help, by opening up the conversation around debt.
If you’re struggling to meet regular repayments, a debt management plan (DMP) can take some of the pressure off.