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 […]
Read MoreFCA 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. In 2017 there was a 44% jump in reports of loan fee fraud made to the Financial Conduct Authority, where fraudsters contact those […]
Read MoreChief 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. Andy Haldane, the Bank’s Chief Economist, and John Young, the BofE’s North West Agent, were hosted by CEO David Rodger, Chair of the Board of Trustee’s […]
Read MoreDebt 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 aims to improve financial capability in children through its financial education programme DebtAware. DebtAware has […]
Read MoreThe Bank of England has raised the official bank rate from 0.25% to 0.5%. The decision, which was passed by the central bank’s Monetary Policy Committee by 7 votes to 2, is the first rate rise in over a decade. Governor of the Bank of England Mark Carney stated that Brexit negotiations would play a […]
Read MoreFinancial 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. OneFamily is a customer-owned financial services company who have set up the […]
Read MoreUnder new rules being drawn up by Government, people struggling with debt would be given six weeks of breathing space in which to seek advice about their situation. The plan, which the Treasury is currently consulting on, would see anyone struggling to keep up with their debt repayments exempted from further interest, charges and creditor […]
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