Quick News

Statistics show the number of people with guarantor loan debt has doubled in the last 26 months, prompting fears that debt is out of control for many people. Figures from Citizens Advice highlight that more than 2,990 approached them for help with their problem loan repayments, and specifically guarantor loan repayments this year alone. Thousands…

Payday lenders are going out of business as a direct result of compensation firms targeting them now that the PPI claims industry has dried up. For years, companies operating in the compensation industry had easy pickings when it came to PPI, and we can’t think of one person who could honestly say that they have…

One in four people now regularly borrow money from relatives and friends, with sixty per cent admitting they will never afford to pay them any money back. According to figures recently seen by us, it not only now appears that people borrowing money from their closest relatives is becoming the norm, but it is also…

This week we have seen a lot of brown stuff being thrown at The FCA over the Woodford fund. The truth is that some blame does lie with them but not all. Quick Background For those of you who don't know, Neil Woodford is a well-known investor who invests money on behalf clients. Recently his…

Oh, how times change. A little while ago we'd have sent people to Chernobyl for not making repayments on time. Fast forward 10 years and people are crying out to go. We are going to make that happen for two sort of lucky people. What's happening? Following the hit series 'Chernobyl' currently being aired on…

An unnerving amount of working men whose children rely on them financially have no life insurance cover should the worst happen, latest research shows. The study, which was conducted by a well-known insurance firm, highlights that almost four million working fathers who are the biggest provider for the family, have no life insurance cover whatsoever…

Vulnerable people’s finances are so bad at the minute that many are having to make money from sex work and prostitution to make ends meet. Figures have shown that thousands of mentally vulnerable and physically disabled people who have been struggling since cuts to disability benefits were brought in, have been earning money through sex…

A government ban on tenancy fees set to come into play in seven days will more than likely make rents rise for tenants, according to a thinktank. Letting agents have already signalled that some landlords have been putting up their rent prices since March in preparation for the new tenancy fee changes set to come…

People defaulting on their credit cards reached new highs in the first eight weeks of 2019. We were already acutely aware of the debt crisis in the UK and how people are dealing with it. But as opposed to people getting a check on their finances and putting things right, it appears that things are…

More than fifty per cent of people have no money left in their bank account on the last few days leading up to payday, a report by YouGov shows. Despite people being advised to save wherever possible and never let their bank account run dry, it appears that far more people than first thought are…