Money & Mental Health Policy Institute calls on Government to stop lenders bombarding people with missed payment letters as 2.5m people feel “harassed” by the calls, texts and messages they get from creditors
New research published today by the Money and Mental Health Policy Institute is urgently calling on the government to introduce clear rules to stop lenders inundating people with letters, calls, texts and emails about missed payments. Money and Mental Health says this is causing unnecessary distress at a time when 50% of people who are behind on […]
Read MoreHouse of Commons Committee publishes Council Tax Collection report
The Council Tax (Administration and Enforcement) Regulations 1992, the statutory framework governing council tax collection, has not been updated since it was introduced. Among other things, it states that the remaining year’s unpaid balance shall become payable, in certain circumstances, when an individual misses a monthly instalment. The House of Commons Committee says that the […]
Read MoreFCA sets out credit information market improvements
People will find their credit files better reflect their financial circumstances, under proposals announced by the Financial Conduct Authority (FCA). The change is one of a range of measures to improve the quality of the information collated by credit reference agencies (CRAs), which is used to inform lending decisions, and boost competition in the market. […]
Read MoreCitizens Advice finds 15 million people likely to use unregulated Buy Now Pay Later to help ease seasonal spending
New research by Citizens Advice finds more than one in four UK adults (28% – the equivalent of 15.1 million people) say they’re likely to use Buy Now Pay Later (BNPL) to help with festive spending. This rises to 56% of parents with primary school-aged children. The findings come as the charity reveals those unable […]
Read MoreNew report finds 1 in 5 people from minority ethnic groups experience discrimination due to race when dealing with financial providers
New research from Fair4All Finance finds that people from minority ethnic groups experience discrimination and multiple barriers to accessing financial services in the UK. The goal of the research was to improve the understanding of the financial lives and needs of people from minority ethnic groups. Fair4All Finance believes that it can help transform the […]
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