A summary report from the Money Charity highlights the current state of UK personal finances.
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.