Mainstream lenders are here to stay. It does not mean we are not seeing a variety of lenders in the financial market. In this month's podcast on Debt Talk, Ripon Ray spoke about: 'Alternative lending & debt'. To navigate the subject, there were experts from financial inclusion and debt. Gareth Evans - Co-founder and director of THE FINANCIAL INCLUSION CENTRE - spoke about the variety of lenders and the make-up of lenders in the United Kingdom. He explored the relevance of alternative lenders, such as the role of local credit unions within the consumer credit market, the benefit of such lenders compared to mainstream lenders and the obligation of any lenders when dealing with vulnerable consumers in financial difficulties whilst considering affordability to borrow. Sam Nurse - CEO of Money Advice Hub & Zeus Design Hub - spoke about the importance of living within your means and that lenders should carry out affordability assessments and treat consumers fairly at ev
Monthly Debt News looks at debts and the causes of debts in Britain from various sources selected for professionals to make the debt sector simple. This month’s Debt News includes high rents pushing renters out of cities, one million universal credit claimants, a couple charged £18K without a gas bill, an angler refusing to pay a water bill due to sewage pollution, drivers successfully appealing all penalty charges in London, Santander warns borrowers over high-interest rates and defaults. And finally, bitesize stats to get an overview of the causes of debts in Britain. ——————— High rents and benefit cuts push poorer renters out of UK’s cities, report finds. The social fabric of the UK’s biggest cities is being transformed by sky-high rents and cuts to housing benefits as thousands of low-income private renters are pushed out of central areas, accelerating the “suburbanisation” of poverty, according to a study. More here: Link ——————— Almost one million Londoners are claimi