Latest figures from the Insolvency Service have indicated that personal insolvencies increased by 9.2% to 9,954 in September 2021 compared to August’s figure of 9,118.
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.