The number of people who missed bill payments in January came down significantly from a year earlier, researchers have found.
More than seven million people were struggling with bills in the first month of the year, according to the Financial Conduct Authority.That was down considerably from the 10.9 million people in a similar condition in January 2023.But it was still up significantly on the 5.8 million who found it hard to pay their bills in early 2020, before the pandemic, the war in Ukraine, and skyrocketing inflation.
We worry about what bill is coming around the corner... We survive because of the kindness of others - charity and family."Financial companies have to help customers manage payments if they are struggling, but 40% of people had not spoken to lenders about this. Some 2.7 million people had spoken to debt advisers and support charities, with nearly half saying they were in a better position for it.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Heatwaves Push Asia's Spot LNG Prices To Highest Since JanuaryHeat waves in some parts of Asia and forecasts of above-average temperatures in southeast Asia and China in the coming weeks have prompted more spot LNG buying, which has raised the spot prices in Asia
Read more »
Glasgow's 'best value' beer gardens as Ubiquitous Chip named number oneA new index ranking has named the Ubiquitous Chip as the best value beer garden in Glasgow and sixth best in the UK - being the only bar in the city to bag a spot on the UK's top 10 list.
Read more »
'I became public enemy number one after Race Across The World'It's back.
Read more »
Scottie Scheffler: World number one golfer handcuffed and charged after traffic incidentA witness says the star looked stunned as he was led away and put in the back of a police car with one officer saying he was 'going to jail'.
Read more »
Scottie Scheffler: World number one detained by police near PGA ChampionshipWorld number one Scottie Scheffler is detained by police outside the US PGA Championship course at Valhalla.
Read more »
Scottie Scheffler: World number one golfer handcuffed by police near PGA Championship courseWorld number one golfer Scottie Scheffler has been detained and handcuffed by police for reportedly attempting to get around a traffic jam caused by a fatal accident near a course.
Read more »