In today’s bulletin:
General update
UK Finance publishes report to facilitate commercial VRP
The changing landscape for IVAs and Creditor Voting – virtual event on 1/5/2024
MoneyPlus problem debt event – 24/4
Individual insolvency stats – March 2024
Transforming Data Collection (TDC)
Financial Crime is changing – updated FCG
ICO warning to firms
Collaborations
Event feedback
General update
One in five StepChange clients who are in work unable to make ends meet
A new report entitled ‘In work but still in debt’ from StepChange has found that 21% of their clients in full-time employment are in a deficit budget even after full debt and budgeting advice.
In 2021, 38% of StepChange clients seeking debt advice were full-time employed (FTE), however, by December 2023 that proportion had reached 44%, a rise of 16%. The proportion of clients in full-time employment in March 2024 was 42%, which is 1% lower than the previous calendar month (43%), yet 2% higher than March 2023 (40%). The number ...
In order to access this content a ROAR Insight: Demsa option is required.
Join or add this to your existing account here.