New research has revealed the extent of anxiety across the UK in relation to money matters, with 41% of British adults saying they are worried about their current level of debt. The proportion of people who are concerned about their … Continue reading
Tag Archives: debt advice
Where did all the bankruptcies go?
Statistics from the Insolvency Service show that although the number of personal insolvencies have increased, the number of bankruptcies has significantly fallen. Instead Individual Voluntary Arrangements (IVA) are proving more popular solutions to debt. If you are … Continue reading
Payday loans twice as popular as credit unions
A report from insolvency trade body R3 has shown that British adults are twice as likely to take out a payday loan rather than take a loan from a credit union. In a survey of over 2,000 British adults carried … Continue reading
Fewer businesses in distress as economy bounces back
The number of British businesses showing signs of distress has reduced dramatically according to new research published today. However a large number of businesses are still under pressure, with a third of businesses still in need of help. The research, … Continue reading
Quarter of SMEs use personal credit to survive
Research published by Experian has revealed that 25% of owners of small and medium sized business have used their personal finances to support their business. Of those, nearly one third have used mortgages to inject cash into their business, thereby … Continue reading