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Lead generators: Making money from debt

Are you struggling with debt? Why you should be wary of “introducers” 

 

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Lead generators: Making money from debt

Are you struggling with debt? Why you should be wary of “introducers” 

 

Financial Conduct Authority clarifies its future interventions in financial market

The FCA has published its Mission and Business Plan for 2017/18 

 
The independent financial public body has announced that next year, amongst other things, it will focus on credit- specifically examining the issue of vulnerable consumers, high-cost credit and the difficulties around long term savings and retirement. 
 

Is this the end for long-term minimum credit card repayments?

New measures to encourage consumers to pay back credit card debt more quickly

 

The Financial Conduct Authority (FCA) is proposing new rules for consumers who are in “persistent” credit card debt. 

 

New project looks at how debt affects relationships

New resource for debt advisers to help couples struggling with debt

 
Research charity OnePlusOne has worked with Debt Advice Foundation and other debt charities to explore how being in financial difficulties can also put pressure on relationships, leading to the launch of the Debt and Relationships Project. 
 

Debt Advice Foundation implements new universal debt-calculating tool

Debt helpline now using the Standard Financial Statement for all calls

 
The charity’s advisers are now using the Money Advice Service’s new guidelines, known as the Standard Financial Statement (SFS) when speaking to callers about their income and expenditure. 
 

Consumer spending increased momentum in February

Following a slowdown in January, consumer spending picked up again in February

 
Concerns were raised about the January dip as consumer spending, often on credit cards, was said to be propping up the UK economy after the shock of Brexit.  

The dangers of becoming desensitised to debt

With University Degrees now costing a maximum of £27,000, are students becoming desensitised to debt?

 

Debt worries in retirement

One in four people retiring this year expects to do so in debt according to new report

 
Prudential’s Class Of 2017 report also states that those retiring in debt do so owing an average of £24,300, up from one in five last year.
 

Unsolicited calls from Debt Advice Foundation

Have you had a call from us that you didn’t ask for?

 
Please be aware that we have had a number of enquiries from members of the public to say they have missed a call from our 0800 helpline number, but we have not called them. 
 

Top tips to surviving financial difficulty

How to survive being in debt

 
There is no typical person who is most likely to get into debt. It can literally happen to anyone, at any time. Often there is a ‘shock’ which radically lowers household income, such as job loss or the end of a relationship. With many people having little savings, they can find they are no longer able to repay monthly credit commitments or start to run up debts to meet living costs.
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