Number of IVAs reached highest quarter total on record

Individual Voluntary Arrangements reach highest levels since they were introduced in 1986

A release from the Insolvency Service has shown that the number of people becoming insolvent in England and Wales has reached the highest levels since 2012. There were 27,388 individual insolvencies in Q1 2018, which is 8.5% higher than in the same quarter the previous year.

Loan fee scam alert

FCA warning as £3.5 million lost to loan fee fraud in 2017


The FCA has issued a warning that there is an increased risk of scammers targeting those searching for a loan.


Bank of England visits Debt Advice Foundation’s Offices

Chief Economist learns about the charity’s financial capability work

Debt Advice Foundation recently welcomed the Bank of England to the home of DebtAware, the charity’s national financial education programme.  

We are proud to support this year’s Financial Capability Week

Debt Advice Foundation aims to get people to “Talk Money” 

Launching Monday 13 November, FinCap Week will celebrate, showcase and amplify the work underway to improve financial capability in the UK and ultimately, to improve financial well-being. 

Debt Advice Foundation shortlisted for charity funding

Financial capability project in the running to receive a share of £120,000 

Following a thorough two-stage application process, Debt Advice Foundation’s educational programme DebtAware has been announced as one of five campaigns to potentially win a share of funds from the OneFamily Foundation. 

FCA cap on payday loans saves consumers £150 million per year

The Financial Conduct Authority (FCA) has published a report that claims that its regulation of high-cost short-term credit providers has delivered substantial benefits to customers

The organisation assessed the effectiveness of the payday loan price cap which it introduced in 2015. The review found that as well as saving borrowers money, the new rules meant that payday firms were much less likely to lend to customers who cannot afford to repay the loan.

Fourteen unlicensed lending companies shut down by High Court

All the companies were involved in unauthorised money lending

Following investigations by the Insolvency service it was found that only one of the businesses had ever possessed a consumer credit licence permitting it to operate as a lender, which expired four years ago.

Financial Conduct Authority Chief to step down

John Griffith-Jones confirms plan to leave the FCA

Chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), has confirmed that he will leave both organisations at the end of his term of office, on 31 March 2018. 

Only 20% of those at risk of crisis debt seek help

New research from the Money Advice Service has found one in six adults are at risk of crisis debt

With so many vulnerable to debt problems, there’s a good chance that you know someone struggling with debts. It’s not always easy to notice, but there are clues you can look out for.

Is car finance the next borrowing bubble?

A report from the Society of Motor Manufacturers and Traders (SMMT), about 80 per cent of new cars in the UK are sold on Personal Contract Purchases