MoneyAware News: June 2017

What are the top debt and money stories so far this month? We bring you the news that we think matters to you and your wallet!

bananas in a supermarketFood prices are rising

Have you noticed that your weekly supermarket shop is getting more expensive? The British Retail Consortium reporting has revealed that food inflation went up 1.4% in May.

If you’re feeling the effect of this, we’ve got a simple trick that can slash your food bill and some budget BBQ tips for the summer.

filling in letting formsLetting agents fees uncovered

We recently discovered that the fastest growing demand for debt advice came from renters; could letting agent’s fees be part of the problem? Campaign group Generation Rent have been investigating letting agent’s fees and uncovered that some agents are charging up to £813 per couple, per move.

If you need help with tenancy issues Citizens Advice offer free information about renting privately and support if you’re being treated unfairly.

couple holding handsTUC: Families ‘running on empty’

The TUC has said that more and more families are turning to payday loans and credit cards for everyday living expenses. They estimate that average household debt will rise to £15k by 2020.

If you’re experiencing a financial crisis find out what to do if you need emergency help with money and food.

crayonsChildcare services hub woes

Parents accessing the Childcare Services hub run by HM Revenue & Customs on have complained about website difficulties locking them out of their accounts. You can contact their helpline on 0300 123 4097 or use their online web chat to get help with accessing your account.

We know that childcare costs can be expensive; find out if you can reduce your childcare costs with our step-by-step guide.

cash and coinsPayday loan complaints increase

The Financial Ombudsman has received over 10,000 complaints about payday loans in 2016, rising sharply from just over 3,000 in 2015.

Complaints include concerns about the interest rates being charged, and money being taken from customers’ accounts without permission.

If you’re considering a payday loan find out about some alternative options, or if you believe that you’ve been treated unfairly by a payday provider find out how to make a complaint.

Been affected by any of the issues in these stories? Need more help and support? Tweet our team @MoneyAware or get free and impartial online debt advice.

Posted by in Debt news