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August 2017

Citizens Advice calls for changes to stop people falling into long term credit card debt

30 Aug 2017 | Posted In Money advice news

Major new research by MALG member Citizens Advice has found that nearly 1 in 5 people struggling with debts has had their credit card limit raised without them requesting it -a practice the charity would like to see banned. After the Bank of England issued a warning to lenders about how they are granting credit […]

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Money and Mental Health Policy Institute creates debt and mental health fact sheet for Money Advice Trust

22 Aug 2017 | Posted In Money advice news

MALG member the Money Advice Trust has worked in partnership with the Money and Mental Health Policy Institute to create a debt and mental health fact sheet for its National Debtline and Business Debtline money advice services. The fact sheet explains how debt and mental health can affect each other, and looks at various approaches […]

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IFS research finds men from poor backgrounds have lower earnings and are twice as likely to be single

11 Aug 2017 | Posted In Money advice news

New research from the Institute of Fiscal Studies has found that men from poor backgrounds have lower earnings and are twice as likely to be single as those from rich families. Key findings include: The earnings gap between men with richer parents and their counterparts from less well-off backgrounds is widening. In 2012, employed 42-year-old men […]

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Have your say on the future of the Common Financial Tool in Scotland

11 Aug 2017 | Posted In Money advice news

MALG member Accountant in Bankruptcy (AiB) has called on everyone involved in the insolvency and debt management processes to voice their opinions on the mechanism used to determine how much debtors pay towards their debts. The Common Financial Tool is currently the standardised method used in Scotland to assess a debtor’s income and expenditure to help […]

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Homeless charity Shelter announced as supplier for specialist debt advice support service

11 Aug 2017 | Posted In Money advice news

MALG member the Money Advice Service has announced that Shelter will be the supplier to deliver a three-year contract for specialist debt advice support services on its behalf. The support service will provide organisations across the debt sector with free access to a panel of experts to help guide them through complex debt cases and […]

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