FCA reminds borrowers struggling to meet payments that help is available from lenders
May 25, 2023
On 17 May 2023, the FCA published selected statistics from its latest Financial Lives cost of living survey, carried out over the six months to January 2023, to give an insight into the financial situation UK adults experienced during that period. The FCA found that the number of people struggling to meet bills and credit repayments has risen by 3.1m since May 2022 and reminded borrowers that they can seek help from their lenders if they are struggling to keep up with payments.