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FCA proposes introduction of price cap on rent-to-own firms to protect vulnerable consumers from high costs

23 Nov 2018 | Posted In Money advice news

The FCA estimate the introduction of price cap on rent-to-own firms to protect vulnerable consumers will save consumers £19.6m-22.7m per year without significantly reducing access to credit for people who have few alternative options. This paper sets out the proposed price cap on the rent-to-own market, summarises feedback to CP18/12 on the questions asked about […]

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Bean is being acquired by BGL Group

31 Oct 2018 | Posted In Money advice news

Subject to regulatory approval, Bean is being acquired by BGL Group, a leading digital distributor of insurance and household financial services, and owner of brands including comparethemarket.com and life insurance provider Beagle Street. Bean was established over 2 years ago with a simple vision to help people sleep safe in the confidence that they aren’t wasting their […]

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‘A Decade In Debt’ report published by the Money Advice Trust

03 Sep 2018 | Posted In Money advice news

Its new report, A decade in debt, reveals how the realities of debt problems have changed in the 10 years since the financial crisis – with fewer people seeking advice with credit cards, loans and overdrafts, and more calls about debts on everyday household bills such as council tax, rent and energy arrears. The report presents […]

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Nationwide research: Four in ten live on under £6.60 a day after bills

31 Aug 2018 | Posted In Money advice news

Nationwide research shows Brits are tightening their belts as research reveals the rising cost of living is beginning to bite, forcing many to slash spending. Two thirds of Brits are slashing spending as rising cost of living begins to squeeze finances Most finding it harder to survive financially today versus five years ago, new poll reveals […]

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Providers of debt advice warn of funding crisis

24 Aug 2018 | Posted In Money advice news

Two of the UK’s biggest organisations offering advice to consumers on how to manage their debts have warned they do not have the resources to cope with the growing wave of people in trouble. UK consumer debt levels have now surpassed those seen before the financial crisis, and official figures suggest that over 2m people […]

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