Introduction In today’s world, unexpected expenses can arise at any moment, from car repairs to medical emergencies. During such times, having access to quick cash can be a lifesave… Read More

Recent findings from a comprehensive report by Lenvi have illuminated a significant shift in borrowing behaviors, with Buy Now Pay Later (BNPL) schemes emerging as a dominant force in co… Read More

In the ever-evolving landscape of financial services, payday loans and brokerage services have garnered significant attention, especially concerning consumer protection and regulatory fr… Read More

Introduction As the cost of living continues to rise, many households in the UK are facing significant challenges in affording their energy bills. Recent research conducted by Compare the… Read More

Recent findings from a survey conducted by credit management company Lowell have shed light on the financial challenges faced by Generation Z adults in the UK. The survey reveals that, o… Read More

Introduction Consumer debt, encompassing various forms of borrowing such as credit cards, personal loans, and instalment plans, plays a significant role in facilitating consumption, a… Read More

As economic uncertainties loom large and the UK grapples with the throes of a recession, a staggering revelation has come to light – financial stress is wreaking havoc on the lives… Read More

In welcome news for British consumers, UK inflation has dipped to 3.4% in the year to February, marking its lowest level in nearly two and a half years. The Office for National Statistic… Read More

Recent polling conducted by Debt Justice has unveiled a stark reality: a record-breaking 6.7 million individuals in Britain are grappling with financial distress, marking a concerning es… Read More

In a digital age where convenience reigns supreme, subscription services have become a ubiquitous part of modern life. From streaming platforms to meal kits, these services offer conveni… Read More

Purchasing a car is a significant financial decision, and navigating the financing process can be daunting, especially for first-time buyers or those with limited credit history. Whether… Read More

Have you ever wondered how economists gauge the health of a country’s economy? One crucial indicator they rely on is Gross Domestic Product (GDP), which represents the total value… Read More

In today’s economic landscape, energy bills have become a significant concern for many households, especially for renters and those on fixed incomes. With the recent fluctuations i… Read More

In a concerted effort to safeguard consumer interests and combat financial scams, the Financial Conduct Authority (FCA) has intensified its regulatory oversight, resulting in the withdra… Read More

In the world of personal finance, payday loans have often been a topic of debate. Critics raise concerns about high interest rates and potential debt traps, while proponents highlight th… Read More

Recent economic indicators suggest a shifting landscape for small and medium-sized enterprises (SMEs) in the UK. As fears of an impending recession gradually diminish, SMEs are navigatin… Read More

The Lending Standards Board (LSB) has embarked on a mission to fortify customer protections and bolster the integrity of lending practices through the publication of its review outcomes… Read More

In the ever-evolving landscape of personal finance, the specter of mounting debt continues to cast a shadow over the financial wellbeing of households across the UK. Despite a marginal d… Read More

Recent data released by the Financial Ombudsman Service (FOS) has revealed a staggering surge in credit card complaints, hitting an all-time high in Quarter 4 of 2023. A total of 5,660 c… Read More

In a significant milestone for corporate transparency and integrity, Companies House has unveiled a suite of new and enhanced powers aimed at fortifying the quality and reliability of it… Read More

In a recent study by Hargreaves Lansdown’s HL Savings & Resilience Barometer, striking disparities in financial resilience between renters and recent remortgagers have come to… Read More

In a recent update, the Bank of England (BoE) has shed light on the UK’s economic resilience amidst sustained high interest rates. Despite ongoing challenges, households have manag… Read More

In recent years, the spectre of financial insecurity has loomed large over millions of households across the nation. According to new research from Citizens Advice, the number of individ… Read More

In today’s economic climate, saving money has become more important than ever for individuals and families across the UK. With rising costs of living, fluctuating job markets, and… Read More

In recent years, homeowners across the UK have been grappling with a significant increase in home insurance premiums. According to research conducted by Compare the Market, home insuranc… Read More

As households grapple with inflationary pressures and the increasing cost of living, recent data from UK Finance has revealed a significant uptick in credit card arrears, highlighting th… Read More

Consumer confidence, a vital gauge of economic sentiment, has taken a dip in the UK, marking the first decline since October. According to the latest GfK survey, confidence levels droppe… Read More

The Bank of England’s Governor, Andrew Bailey, has expressed satisfaction with the unchanged UK inflation rate, deeming it “encouraging.” However, he suggested that thi… Read More

Inflation, the rate at which the general price level of goods and services rises, is a critical economic indicator that affects individuals, businesses, and policymakers alike. In recent… Read More

Introduction The global economy stands on the brink of a precipice, with the World Bank issuing a stark warning of an imminent recession. Elevated inflation, soaring interest rates, g… Read More

Credit cards have become an integral part of modern-day finances, offering convenience and flexibility for consumers. However, recent research from Compare the Market reveals concerning… Read More

As the cost of living continues to rise, more individuals are seeking debt relief options to navigate their financial challenges. The latest monthly Insolvency Statistics from the Insolv… Read More

New data from the Finance & Leasing Association (FLA) reveals a 2% increase in second charge mortgage new business volumes in January 2024, marking the second consecutive month of gr… Read More

In the midst of enduring cost-of-living strains, recent research conducted by Tink sheds light on the significant hurdles faced by younger age groups in their pursuit of credit accessibi… Read More

Amidst the evolving landscape of personal finance, there has been a notable surge in young adults seeking assistance with managing their money. This trend reflects the growing complexity… Read More

Recent household income statistics reveal a concerning trend: while income poverty rates remain comparable to pre-pandemic levels, other indicators of financial hardship have escalated… Read More

The latest Deloitte Consumer Tracker has unveiled a remarkable trend in the United Kingdom’s economic landscape—a fifth consecutive quarter of rising consumer confidence, rea… Read More

Introduction In the dynamic realm of personal finance, savings serve as a cornerstone for achieving financial security and realizing long-term aspirations. Understanding the average savin… Read More

Amidst ongoing economic turbulence, the latest data from the Office for National Statistics (ONS) reveals that inflation has held steady at 4% year-on-year in January. This development c… Read More

As we step into 2024, the economic landscape of the United Kingdom continues to evolve, shaped by a multitude of factors ranging from global events to domestic policies. Understanding th… Read More

The latest data released by the Office for National Statistics (ONS) has sent shockwaves through the UK housing market, revealing a staggering 9% surge in the average monthly rent over t… Read More

The recent revelation of the UK slipping into recession has sparked widespread concern and scrutiny, shedding light on the intricate web of factors contributing to the economic downturn… Read More

Introduction In an era marked by financial complexities and uncertainties, the role of professional financial advice emerges as a beacon of clarity and guidance. While the notion of s… Read More

In a surprising turn of events, the mortgage market in the UK has witnessed its most significant month-on-month drop in rates since December 2022. According to data from Moneyfacts, the aver… Read More

The Money Charity presents a comprehensive snapshot of the UK’s financial landscape, offering insights into personal debt, housing trends, spending behaviors, and the evolving dyna… Read More

In today’s fast-paced world, unexpected financial emergencies can arise when least expected, leaving many individuals scrambling for quick solutions. Payday loans often present the… Read More

Payday loans have come a long way since their inception, evolving to meet the changing needs of consumers and navigating a landscape of regulation and innovation. In this article, we&rsq… Read More

The financial landscape for households in the UK paints a concerning picture, with the average household spending a significant portion of their income on debt repayments. According to f… Read More

Recent data from the British Retail Consortium (BRC) paints a nuanced picture of the retail landscape, with January witnessing a slowdown in sales growth compared to the previous month… Read More

The payday lending industry has long been subject to scrutiny due to its potential to exploit vulnerable consumers with high-interest rates and fees. In response to these concerns, the U… Read More

In a welcome turn of events, the specter of recession that once loomed large over SMEs appears to be diminishing, ushering in a renewed sense of optimism and resilience in the business l… Read More

As the economic landscape continues to shift, recent data from the Bank of England provides encouraging signs of a revival in spending within the United Kingdom. Consumer credit has surg… Read More

The latest economic data from the United States paints a nuanced picture of inflation dynamics, with price increases moderating but remaining elevated compared to expectations. The Labor… Read More

Lenders are bracing for a substantial increase in debt defaults, with expectations pointing to a staggering rise of nearly £788 million, surpassing the £19 billion mark this… Read More

As the energy crisis continues to grip the nation, its effects are disproportionately felt by some of the most vulnerable members of society: pensioners living on limited incomes. The stark… Read More

The energy landscape in the UK is undergoing significant transformation, prompting regulatory bodies like Ofgem to reassess existing frameworks to ensure fairness and efficiency for cons… Read More

The UK business landscape is facing a formidable challenge as rising energy costs place increasing pressure on companies. A recent survey conducted by PwC has shed light on the significa… Read More

In April, UK households will face a 6% increase in their average water bills, pushing the annual cost to approximately £473 for combined water and sewerage services. While this ris… Read More

In a bid to address pressing concerns surrounding affordability and debt in the energy market, Ofgem, the UK’s energy regulator, has initiated a call for input to explore potential… Read More

As the UK gears up for a pivotal General Election in 2024, the discourse surrounding personal tax levels takes center stage. Both major political parties face the delicate task of balanc… Read More

Recent data from the Bank of England has revealed a concerning trend in the mortgage market, with mortgage arrears reaching their highest level since 2016. This uptick in arrears reflect… Read More

The retail sector is grappling with its fifth successive month of declining sales, according to the latest data from BDO’s High Street Sales Tracker. Like-for-like sales have plung… Read More

The Bank of England’s Monetary Policy Committee (MPC) has opted to maintain interest rates at 5.25% for the fifth consecutive month, signaling a cautious approach amidst ongoing ec… Read More

The latest data released by the Insolvency Service for England & Wales has revealed a significant uptick in personal insolvencies, with figures increasing by 25.1% in February 2024 c… Read More