Requests for debt help hit record
By Jon McNamara

More people across the UK are struggling to pay their debts. Families are falling into arrears on their mortgages, payday loans, car payments, and credit cards among other bills. The problem is so large that…

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£12 billion of cuts to welfare still on track
By Jon McNamara

Even with the change in government last year, the Brexit, and the potential break-up of the United Kingdom as we know it, the central government is still on track to cut £12 billion of social…

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Food bank usage increases 5% in 2016
By Jon McNamara

As of the latest data available (September 2016), Trussell Trust has provided 5% more parcels of food to needy families than in previous years. It is expected that by the end of the year the…

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Financial Conduct Authority lending regulations for 2017
By Jon McNamara

Now that the Financial Conduct Authority has placed regulations on payday lending firms, they will now be expanding their review to other lenders during 2017. Next up for the FCA will be an assessment done…

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Tesco warns of increasing food costs
By Jon McNamara

While the exit impacts of the “Brexit” are still to be determined, there are more people as well as companies talking about an increase in the cost of living that many UK families may be…

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How to apply for CFO Lending settlement
By Jon McNamara

One of the largest payday lenders in the UK, CFO Lending, is being penalized by the Financial Conduct Authority. The company was overcharging customers, they sent threatening letters about repayment of the loans, and had…

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Parents skip meals to provide summer food for their child
By Jon McNamara

With many children out of school and on holiday, an increasing number of families are struggling to feed their child. One of the main reasons that over 10 per cent of parents in Scotland and…

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Increase in number of tenants complaints of illegal evictions
By Jon McNamara

The number of people seeking help from Citizens Advice in dealing with illegal evictions has increased over 45% from last year. This is a large increase in complaints, but it more than likely only a…

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20% of pensioners over age of 75 live in poverty in 2016
By Jon McNamara

Of the 4.8 million pensioners across the UK, about 20 per cent of them, or about 950,000, live in poverty. They make anywhere from £60 to £115 less per week than other adults or younger…

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Tenants falling behind on rent and now also debts
By Jon McNamara

Mostly due to the ever increasing cost of rental properties across the UK, and particularly in London, there has been an increasing number of households falling into arrears on their credit card and other debts….

In categories: News