/Damon Gibbons
Damon Gibbons

About Damon Gibbons

Damon is the Director of the Centre for Responsible Credit.

The closure of BrightHouse stores is good news but we need to alert people to the Fair for You alternative

The largest rent-to own company in the UK, BrightHouse, has recently announced that it is set to close a number of its stores, as it struggles to cope with increased regulatory scrutiny of its business practices. Commenting on this development, CfRC Director, Damon Gibbons, said: “The recent announcement that BrightHouse is set to close 28 [...]

By | February 16th, 2017|Blog|0 Comments

CfRC Annual Conference | Building a financially healthy society

28th February, The Foundry, London 2017 is set to be a critical year. The failings of the UK's economic model, which is heavily reliant on consumer spending, are becoming apparent as households face a further attack on their living standards caused by the slide in Sterling.  High levels of household indebtedness, rising levels of low paid [...]

By | January 9th, 2017|Blog, Events|0 Comments

Trialling ‘supported rent flexibility’ for social housing tenants

  The Centre for Responsible Credit, with funding from the Money Advice Service What Works? Fund, is trialling a programme of 'supported rent flexibility' with social housing tenants with dependent children in London and the South East. Prior research indicates that low income families face reasonably predictable pressures on their budgets at various points in [...]

By | January 6th, 2017|Blog|0 Comments

CfRC gives evidence to House of Lords

CfRC Director, Damon Gibbons, appeared before the House of Lords Select Committee on Financial Exclusion on Tuesday 1st November. The wide-ranging session included questions about the impact of the price cap on payday and other High Cost Short Term Credit lenders including the threat of illegal lending; how to ensure more responsible lending practice, tackle [...]

By | November 3rd, 2016|Blog|1 Comment

Improving the Financial Health of Low Income Groups

A new CfRC report identifies the need for new funding programmes to be established to meet the debt and financial capability advice needs of low income groups, including low paid workers and private tenants. The research (‘Improving the Financial Health of Low Income Groups’), which was supported by the JPMorgan Chase Foundation, reviewed how low [...]

By | October 26th, 2016|Blog|1 Comment

Risk of recession increases as household consumer credit debt burden hits ‘danger level’

The latest quarterly National Accounts data (released by the Office for National Statistics at the end of September) show a continued worsening of the household debt burden.  The household debt problem is now particularly acute for those with consumer credit debts and increases the risks of a new recession. Our measure of the household debt [...]

By | October 20th, 2016|Blog|0 Comments

Better local data needed to help tackle household debt

Britain’s household debt problem has a local dimension.  Communities with high concentrations of lower income, younger households and with high densities of rented housing are more likely to experience problem debt. This concentration of household debt reduces household consumption and so constrains local economic growth.  Over-indebtedness is also associated with poor health and negatively impacts [...]

By | October 20th, 2016|Blog|2 Comments

Fair for You is making a real difference to people’s lives

The Centre for Responsible Credit (‘CfRC’) has today (Monday, 12th September) published new research into the social impacts of not for profit lender Fair for You, which is providing low income households with an affordable and flexible alternative to the high cost rent to own lenders, including BrightHouse. Key findings Fair for You is much [...]

By | September 12th, 2016|Blog|2 Comments

Reviving the UK Economy | time for a household debt write-off?

The Centre for Responsible Credit and Jubilee Debt Campaign are jointly hosting a fringe meeting at this week's TUC Conference in Brighton.   Conference delegates are invited to join us on Tuesday 13 September, 5.45 – 7.15pm. Meeting Room 8, The Brighton Centre, Kings Road, Brighton BN1 2GR Interest rates are at an all-time low, [...]

Britain in the Red | The household debt burden is unsustainable

We have now published our final report for the joint TUC and Unison commissioned ‘Britain in the Red’ project.  The project has been looking at available aggregate and household survey data to track the household debt burden: particularly assessing the economic impacts of consumer credit borrowing and commenting on the types of household that are [...]

By | August 19th, 2016|Blog, Getting Britain Out of Debt|0 Comments