Current Research Programmes


Building Financially Healthy Lives and Communities

We want to ensure that all British households lead financially healthy lives.  This requires us to think about how they can be assisted to meet their day to day costs and also build up savings and plan positively for their future. We know that too many households are struggling financially, and that these are often geographically concentrated.  Even with very careful money management, the combination of low pay, insecure [...]


Getting Britain Out of Debt

We believe that over-indebtedness is receiving insufficient policy attention.  Not only does it have major human and social costs, but the debt burden is negatively impacting on our economic performance. The extent to which debt poses a burden on households is contingent on three factors: (i) the amount of debt that is outstanding; (ii) the cost of that debt, in terms of interest, fees and minimum payment [...]


Improving Credit Regulation

Inadequate regulation of credit markets has created all three of the major economic crises experienced in Britain since 1970. The removal of direct Government controls over lending and the replacement of these with the 'Competition and Control' system of regulation in 1971 lay behind the Heath Government's 'dash to growth'.  It relied on credit markets being controlled only through the manipulation of interest rates by the Bank of England, [...]

Latest News

CfRC responds to FCA’s Covid-19 proposals: calls for interest freeze

April 6th, 2020|0 Comments

The Centre for Responsible Credit has today (6th April) responded to the FCA's proposals regarding temporary relief for borrowers impacted by the Covid-19 outbreak. Whilst welcoming the FCA's proposals to help impacted borrowers obtain a payment break, we are extremely concerned that: Customers impacted by Covid-19 are described as only “able to ask” for the freeze, not necessarily receive one; In the alternative, they [...]

Call for freeze on personal debt payments in response to Covid-19

April 2nd, 2020|0 Comments

• CfRC joins nearly 80 civil society leaders and academics to call for urgent freeze on personal debt payments • Letter to the Chancellor also calls for write-off of existing council tax and social security debts A group of nearly 80 academics, policy experts and leaders of charities, trade unions and community groups have written to Chancellor of the Exchequer, Rishi Sunak, calling on [...]

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Building a better financial services system

19th October 2020

Broadway House, London

The CfRC will be celebrating its tenth anniversary conference in 2020. The conference reaches out across traditional divides, bringing together the financial services sector with local authorities, the social housing sector, not for profit affordable credit providers, FinTechs, and debt and community-based advice agencies.

This year’s conference will examine the systemic problems which make credit so much more expensive for people on lower incomes. Sessions will focus on the role of credit data sharing and scoring; the role of money guidance and debt advice services in improving financial outcomes and behaviours; and the opportunities to develop more affordable, and effective, financial services to meet the needs of lower income households.

As well as reviewing the effectiveness of recent policy and regulatory efforts to improve the operation of consumer credit markets and the help available to people in debt, we will also be showcasing the latest developments in our exciting Rent-flex trials, which we are taking forwards with Optivo, One Manchester and Metropolitan Housing Assocations. And we will be highlighting a new project, with Jubilee Debt Campaign, which aims to organise groups of debtors so that these have a more direct input into policymaking.

Join us on 19th October 2020 for what promises to be a fantastic 10th anniversary event.  Booking details to follow shortly.

The Decline of Local Welfare Schemes in England

September 2017

Local welfare provision in England is at risk of collapsing if Government does not urgently review its approach and step in with more funding for local authorities.  A failure to act will create widespread destitution, and put even greater pressure on already over-stretched housing, health, and social care services.  Those are the key messages from our latest research, which has been funded by the Barrow Cadbury Trust and which involved an assessment of Cabinet and Committee papers detailing current budgets for local welfare schemes and the reasons for cuts.  From this exercise we were able to obtain information about current funding levels for schemes in around 70 percent of English local authorities.  We also conducted interviews with eighteen people who have directly affected by the closure of schemes in Northamptonshire, Nottinghamshire, and Oxfordshire.


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