Hidden Household Debt Reaches ?19 Billion
Households in the UK are estimated to owe nearly ?19 billion in hidden household debt according to figures from Citizens Advice. The charity has put an estimated figure on the household debt caused
Consumers
Half of Consumers Won’t ask for Help from Credit Card Provider
Over half of British consumers are reluctant to ask their credit card provider for help if they fall into debt, due to feeling there is a stigma attached.
Consumers Losing Out on Bank Transfer Fraud
Consumers and businesses are losing out on bank transfer fraud, with around ?236 million being obtained by fraudsters during 2017 but only about a quarter…
Consumers Hiding Debt from Friends and Family
Consumers in the UK are hiding up to ?1.3 billion of personal debt from friends and family according to research carried out by GoCompare. The…
UK Consumers Cutting Back After Christmas
UK consumers are planning to cut back on spending following Christmas, with one in seven even planning to take the drastic step of cutting up…
UK Consumers Dipping into Savings to Get By
UK consumers are dipping into their savings at the fastest rate recorded, thought to suggest that they need to do so in order to keep…
FCA and FCP in Disagreement Over Credit Risk
The Financial Conduct Authority (FCA) and the Bank of England’s Financial Policy Committee (FPC) appear in disagreement over the risk of consumer debt levels in…
Over 8 million UK Consumers in Financial Difficulty
Around one in six adult consumers in the UK are in financial difficulty and living with problem debt. According to the latest over-indebtedness figures from…
UK Consumer Morale Up Slightly
Consumer morale in the UK rose slightly in August, but remains somewhat subdued as consumers seem to be still downcast about personal and household finances….
Young Consumers Turn to Alternative Lenders
Despite traditional banks still remaining the most popular choice for consumer borrowing, more young consumers are turning to alternative lenders. Research by financial services company…