A new report by the Institute of Fiscal Studies, carried out on behalf of the Joseph Rowntree Foundation, has found that one in five on low incomes have problem debts, compared with one in twenty on the top pay scales. It also found that on average the poorest fifth, are under pressure to spend £457 […]
New research by the Financial Conduct Authority (FCA) and the Bank of England, suggests the 10% increase in borrowing, which we have seen in recent years, is being driven, not by sub prime borrowers, but those with better than average credit ratings. The research, which was carried out by the FCA, and was based on […]
The UK Money Advice Service have released its recommendations for change for UK debt solutions (albeit only a couple of the recommendations will impact on Scottish debt solutions). The recommendations are contained in a report that can be downloaded here and follows on from a comprehensive study that was carried out by the Money Advice […]
From Saturday, the 13th of January 2018, it will no longer be possible for consumers to be charged a fee for deciding to pay a bill by credit card or debit card. The new rules are aimed at stamping our current practices, where many businesses and government agencies routinely levy a surcharge on consumers who […]
BBC’s Panorama will tonight be running an investigation into the millionaire bankrupts who abuse the bankruptcy process and system. The programme will be particularly galling for many money advisers to watch when they work with clients struggling to pay their monthly contributions and make ends meet. The investigation includes convicted fraudster, Barry Hughes who the […]
The Financial Times is reporting the majority of economists they surveyed, expect UK Consumers to find 2018 as hard, if not more difficult, than 2017. The findings have been revealed after they completed their annual survey of economists. Although most agreed inflation would subside, they also worried unemployment would rise and wage levels would continue […]
Scots are losing out £545 million by failing to claim Tax Credits.