Debt Management on the Rise: 20% of Consumers Use Credit Scores to Pay Down Debts
In a recent study by TransUnion, it was found that nearly one in five consumers are leveraging their credit scores…
Mortgage Arrears Reach Highest Level Since 2014 Amid Rising Financial Pressure
The UK’s housing market faces a concerning trend as the proportion of mortgage balances in arrears has risen to levels…
Mortgage Market Moves: The Rapid Reduction in Average ‘Shelf-Life’
The dynamics of the UK mortgage market are rapidly changing, as evidenced by new data from Moneyfacts which reveals that…
UK’s Economic, Population Surge Masks Underlying Productivity Woes
Recent research from the Resolution Foundation, funded by the Nuffield Foundation, sheds new light on the UK’s economic performance over…
Second Charge Mortgage Volumes Surge by 36% in April 2024
The second charge mortgage market is experiencing a significant resurgence, with new business volumes increasing by 36% in April 2024….
Card Spending Growth Stalls as Economic Pressures Mount
According to the latest report from Barclays, consumer card spending growth in the UK has slowed to a three-year low,…
Card Spending Growth Hits Three-Year Low Amid Cost of Living Pressures
According to a recent report by Barclays, consumer card spending growth in the UK has slowed to its weakest pace…
Mortgage Borrowing Hits 18-Month High Amidst Moderating Interest Rates
Recent data from the Bank of England reveals that April saw a significant uptick in mortgage borrowing, with individuals securing…
Shift in Perception: One in Three Young People See Credit Cards as Debt Risks
A new study by Uswitch reveals a significant shift in how young people in the UK view credit cards, with…
Money Statistics: May 2024
As we delve into The Money Charity’s latest financial statistics for May 2024, we gain an insight into the current…