TDX Group research alerts businesses to upward spike in bad debt

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The TDX Group Consumer Debt Report from the UK’s leading provider of data and technology-driven debt solutions for businesses, reveals that over a quarter (28%) of Brits fear they may not be able to keep up with repayments on their personal debt.

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Further reading

2017 Predictions

What does 2017 hold for the debt industry? TDX Group experts give their view on the themes and developments we can expect to see in the coming months.

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Brits think it’s too easy to get into debt

Our research reveals that 45% of people think it’s too easy to get into debt, with a further 20% stating that banks and other lenders need to be stricter about the amount they lend to consumers.

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Level of unemployed Brits with serious debt issues has tripled since the credit crisis

Analysis from The Insolvency Exchange, part of TDX Group, reveals that 17% of people who hold an individual voluntary arrangement (IVA) are unemployed, compared to just 5% in 2008.

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Personal insolvencies set to rise by as much as 30% in 2017

Personal insolvencies are set to rise by as much as 30% in 2017. Non-traditional lenders experiencing the greatest volume growth.

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