July 2016

Questions raised on credit card affordability checks

Over a quarter of credit cards opened were in serious arrears just a year later

 
According to an investigation by the Financial Conduct Authority, a quarter of credit cards  aimed at borrowers with poor credit scores opened in 2013 were in severe or serious arrears by 2014. 

Changes to Insolvency Fees

The amount which the official receiver will be charging in cases of bankruptcy are changing from today.

 

In 2014, the Insolvency Service decided that it would carry out a full review of its funding, including that of the Official Receiver Services.

Is summer more expensive than Christmas for parents?

A survey has found that parents expect to spend more on entertaining their children this summer than at Christmas

 
Keeping children busy over the long summer months can be extremely difficult, especially as this summer already appears to be such a washout in the UK; indoor activities often come at a steep price.