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consumer credit

January 16, 2020

New report finds more lower income households using consumer debt

Rising use of high-cost credit by low-income households leaves them too exposed to financial shocks, says the Resolution Foundation.
May 16, 2019

Charity responds to FCA's report on duty of care

The Money and Mental Health Policy Institute has welcomed a new report from the Treasury Select Committee, which calls for sweeping changes to ensure people with mental health problems get a fair deal from financial services.
March 4, 2019

Personal debt 'has grown six times more than wages'

The Jubilee Debt Campaign says Britain has a growing household debt trap that is hurting the poorest families the most.
January 7, 2019

Debt charity comments on latest consumer lending figures

The latest figures show credit card borrowing rose by £400 million in November 2018.
August 31, 2018

Citizens Advice responds to latest Bank of England Money and Credit statistics

Citizens Advice has responded to the Bank of England’s figures showing that the annual growth rate of consumer credit increased by 8.5 per cent in July.
July 31, 2018

Citizens Advice responds to latest consumer credit figures and FCA creditworthiness statement

The Financial Conduct Authority have published their ''Assessing creditworthiness in consumer credit' policy statement. It coincides with the Bank of England revealing the amount of credit held by UK households increased by £3.7 billion in June and the rate of credit card lending has risen by 11 per cent in the last three months.
June 3, 2018

Call for payday lender cap to be extended to all forms of consumer credit

Campaigners say there is a deep, systemic and growing problem of household debt in the UK.
February 13, 2018

Almost half of lower income households 'displaying signs of debt distress’

With overall household debt now totalling £1.9 trillion the Resolution Foundation asks what might happen when interest rates start to rise.