New research from the Money Advice Trust and Centre for Social Justice shows scale of council bailiff use
More than 2.7 million debts were referred to bailiffs by local authorities in England and Wales during the 2022/23 financial year, according to new research conducted by the Money Advice Trust, the charity that runs National Debtline, and the Centre for Social Justice think-tank. The findings, based on Freedom of Information requests to local authorities, […]
Read MoreFair by Design research shows low-income drivers can pay up to 48% more for car insurance
New research conducted for Fair By Design by the University of Bristol Personal Finance Research Centre (PFRC) shows that low-income drivers can pay up to 48% more for car insurance in 2024, calling it ‘the car insurance poverty premium’. Previous research has highlighted how car insurance is a key part of the poverty premium, with […]
Read MoreNew research from Money Advice Trust finds 6.8 million people struggling to pay for essentials, despite falling inflation
New research from the Money Advice Trust, the charity that runs National Debtline and Business Debtline, shows 6.8 million (13 percent) UK adults are struggling to pay for their essential costs, such as rent and council tax. Despite inflation falling to 2 percent, an estimated 11.4 million (21 percent) people say their financial situation is worsening. […]
Read MoreClearscore and Fair4All Finance partner on debt consolidation proposition to boost access to affordable credit
ClearScore, the financial services marketplace, has secured £3.4m funding from Fair4All Finance to develop a unique debt consolidation loan technology and promote its use for people in financially vulnerable circumstances in the UK. The proposition from ClearScore, named ‘Clearer’, allows direct settlement of consumer debts, unlike most other debt consolidation loans, thereby eliminating the risk […]
Read MoreMALG Members invited to input into research on energy debt and debt advice funding
Following the recent announcement that Clear Consultancy Services is working on an Impact on Urban Health-funded project to explore how energy companies could address problem debt by understanding the experiences of people in arrears (read more here), Money Advice Liaison Group (MALG) Members are being invited to take part in the qualitative phase of the […]
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