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It was great meeting you at the MALG Conference and we look forward to working with you in the future.
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About MoneyPlus.
We’re MoneyPlus. We help people, live better.
As the largest commercial provider of regulated debt advice in the UK, our experience means your experience will always be a positive one. That’s the way we work.
Fully authorised and regulated by the Financial Conduct Authority, we’re one of just a few companies who can offer advice and administer all debt solutions ourselves. As one of the first debt advice firms to be regulated by the FCA, we have seen this sector grow and change. We’re confident and comfortable working within regulatory guidance and adapting the way we work to get the best customer outcome, based on the most up to date FCA advice.
From informal Debt Management Plans to formal Individual Voluntary Arrangements; Debt Relief Orders, Protected Trust Deeds, Bankruptcy, and more… we’re able to find a solution that suits you, not just a solution that suits us.
Contact the team.
Problem Debt in the Cost of Living Crisis and Beyond.
In 2023 MoneyPlus commissioned a report into the growing problem of unsecured debt faced by an increasing number of people in the UK.
The past four years of economic and social emergency have placed intense strain on the financial stability of UK households. The Covid-19 pandemic brought massive disruption to the jobs market, followed up by explosive inflation and the cost of living crisis.
Some of the impacts of this crisis are starting to ease, as price rises slow and interest rates begin to stabilise. However, there are signs that the UK’s debt crisis is just beginning. As government support programs have gradually tapered off, the prevalence of problem debt has risen, and advice agencies are now seeing soaring demand across the board.
The purpose of this report is to address the UK’s personal debt crisis in the following respects:
- To put the events of the past four years in their broader macroeconomic context, showing how long-term policy decisions turned the UK into a high-leverage society.
- To address the impacts that the pandemic and the cost of living crisis have had on the financial stability and indebtedness of UK households.
- To explore how future economic turmoil might impact levels of indebtedness and demand for debt advice.
- To review the current policy landscape around debt and insolvency, and to map out what the sector can do to improve resilience and create better customer outcomes in the short and medium-term.