The Insolvency Service: Unlicensed money lending companies shut down
MALG member The Insolvency Service has announced that 14 companies involved in unauthorised money lending controlled by Dharam Prakash Gopee have been wound up by the High Court. This follows an investigation by Company Investigations of the Insolvency Service which found that of the 14 companies, only one had ever possessed a consumer credit licence permitting it […]
Read MoreMoney Advice Service research identifies the signs people might be in debt for creditors to spot
To coincide with the launch of its #TalkMoneyWorries campaign, MALG member the Money Advice Service has released new research which identifies the signs people might be in debt to help friends, family members, and creditors spot issues early on. One in six adults is at risk of crisis debt but less than one in five […]
Read MoreMoney advice/poverty sector responds to ‘threadbare’ Queen’s Speech
Responding to today’s Queen’s Speech, Mike O’Connor, Chief Executive of StepChange Debt Charity, said: “Household debt is high by historical standards and consumer borrowing continues to head towards levels not seen since the economic crisis. Millions of households are resorting to credit as the only way to keep up with essential household bills. And millions more […]
Read MoreMoney Advice Service launches #TalkMoneyWorries campaign
MALG member the Money Advice Service is today calling on friends and family to spot the signs that people close to them might be experiencing problem debts. Debt and money worries are often seen as a taboo subject in the UK so it is time to get people talking about their money worries and get […]
Read MoreFSCS survey finds smartphone apps made a third of people spend more
A third of people surveyed about their smartphones by the Financial Services Compensation Scheme (FSCS) said apps made them spend at all hours and lose track of their finances. Two-thirds said apps made it easier to spend, particularly from bed at the start or the end of the day. Women surveyed said they typically spent […]
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