07/02/2023
There’s a serious debt problem consuming society. People are being increasingly overwhelmed with debt and are struggling to make repayments. This is affecting households in a plethora of ways, impacting mental health, and also causing...
07/02/2023
As the year draws to a close, we’ve been reflecting the months passed. For our relatively young business, we’ve achieved a lot. From setting up a first of its kind financial resilience hub in Lambeth...
02/11/2022
The cost of living crisis is presenting many financial pressures for creditors. One of the overwhelming challenges that is happening in parallel is portfolio management. As more people fail to keep up with debt payments,...
28/10/2022
Earlier this year, the FCA officially announced long awaited plans for a new regulation, the Consumer Duty, on 27 July 2022. The Duty is essentially replacing the previous TCF (Treating Customers Fairly) guidance. No longer...
10/10/2022
The cost of living crisis is growing rapidly, driving household debt up, and building pressure for government and creditor institutions to provide meaningful support to consumers. Creditors are faced with having to navigate a complex...
18/05/2022
Looking at the financial wellbeing space, you can see immediately that there is a lack of capacity and products to help and advice people in financial difficulties. We have seen that for too long that...
11/03/2021
Complex and varying needs of people stuck in debt combined with the often outdated systems and clunky debt advice processes continue to have negative impacts on the outcomes of debt advice service. The focus is...
19/02/2021
The Chancellor’s Job Retention Scheme to help SME’s retain staff due to the Coronavirus economic crisis has been widely welcomed. Together with the other measures included in Chancellor’s £330 BN package this scheme shows that...
19/02/2021
The spread of Coronavirus is causing unparalleled anguish in households, across commerce and industry. Never has any democracy in peacetime had to grapple with a crisis of this extraordinary global scale. The threat of a...
19/02/2021
Banks are central to people’s financial situation. If you want to borrow money, have already borrowed money or are saving money in a bank, this post has positive news for you. Borrowing money The Bank...
19/02/2021
Towards financial Wellbeing – Lack of financial resilience is blighting the lives of over 12 M people. Around 61% of UK’s population are tech savvy enough to own a smart phone yet 24M people do...
19/02/2021
Elifinty and Fair Money Advice partner to bring disruptive technological advances to the debt advice sector, which is marred with lack of capacity and varying customer experience. Elifinty, a London-based fintech tech start-up, and Fair...
