StepChange IVAs – a mass variation to help with cost of living problems
Copy of original article published by Debt Camel. Many people with IVAs are finding it difficult to afford the monthly payments in 2022 because of inflation. StepChange is now proposing a “mass variation” that should help many StepChange IVA clients. Peter Wordsworth, Head of Insolvency Services at StepChange, says: At Stepchange Voluntary Arrangements we have […]
Read MoreChristians Against Poverty publishes ‘Lifelines to Safety’ report exploring reliance on credit
Christians Against Poverty’s (CAP) latest research explores why credit is too often the only lifeline for people in difficult times, and accessible routes to safety. Its report, Lifelines to Safety, unpacks the reasons why people are pushed towards credit to get them through financial storms, and how we can offer accessible routes to safety. With over […]
Read More#TalkMoney Week: Money Advice Trust and Experian find four in ten callers in debt wait a year before seeking advice
New analysis published today by the Money Advice Trust (the charity which runs the National Debtline service) and data company, Experian, has revealed new insights about the pressures being experienced by UK consumers. It shows that three in 10 (29%) UK adults are worrying about their finances every day, while one in seven (15%) say […]
Read MoreMoney and Pensions Service publishes report evaluating the long-term outcomes of debt advice
Money and Pensions Service (MaPS) has completed a two-year quantitative pilot longitudinal study (PLS), marking the first steps towards developing a longitudinal study to build an in-depth understanding of the medium and long-term impacts that debt advice can have. A study of this kind has rarely, if ever, been attempted either nationally or internationally. This […]
Read MoreFCA publishes data from Financial Lives 2022 survey
Regulator the Financial Conduct Authority (FCA) has published selected data from its latest Financial Lives survey on vulnerability and financial resilience, and insights into the financial positions of UK consumers in May 2022. This data contributes to the evidence base on the rising cost of living. Financial Lives is FCA’s flagship survey of adults aged […]
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