Helping those who use credit to make ends meet: A Rapid Literature and Evidence Review

Sally Dibb; Kevin Broughton; Hussan Aslam; Lindsey Appleyard; Pattanapong Tiwasing

Helping those who use credit to make ends meet: A Rapid Literature and Evidence Review

Sally Dibb, Kevin Broughton, Hussan Aslam, Lindsey Appleyard, Pattanapong Tiwasing

Research output: Book/Report › Commissioned report › peer-review

Abstract

This review looks at the latest evidence (published between 2018-2021) on the financially vulnerable, with a specific focus on those using credit to make ends meet. The goal of the report is to identify how people in this position might be best supported, aiming to address the following research questions:

What is COVID-19’s impact on the financially vulnerable and use of credit for essentials?
The use of credit for essentials:
Who is using credit for essentials?
What credit types are used?
How is credit being used (for what essential purchases)?
Why is credit being used for essentials (underlying drivers)?
What are the impacts of being declined credit?
How do money conversations influence financial well-being?
How can people who are over-reliant on credit be supported?

Original language	English
Commissioning body	Money and Pensions Service (MaPS)
Number of pages	56
Publication status	Published - Jul 2022

Keywords

Credit
Covid-19
Financial vulnerability
Financial wellbeing

Access to Document

https://www.fincap.org.uk/en/reviews/helping-those-who-use-credit-to-make-ends-meetLicence: Unspecified

Cite this

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title = "Helping those who use credit to make ends meet: A Rapid Literature and Evidence Review",

abstract = "This review looks at the latest evidence (published between 2018-2021) on the financially vulnerable, with a specific focus on those using credit to make ends meet. The goal of the report is to identify how people in this position might be best supported, aiming to address the following research questions:What is COVID-19{\textquoteright}s impact on the financially vulnerable and use of credit for essentials?The use of credit for essentials:Who is using credit for essentials?What credit types are used?How is credit being used (for what essential purchases)?Why is credit being used for essentials (underlying drivers)?What are the impacts of being declined credit?How do money conversations influence financial well-being?How can people who are over-reliant on credit be supported?",

keywords = "Credit, Covid-19, Financial vulnerability, Financial wellbeing",

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AU - Dibb, Sally

AU - Broughton, Kevin

AU - Aslam, Hussan

AU - Appleyard, Lindsey

AU - Tiwasing, Pattanapong

PY - 2022/7

Y1 - 2022/7

N2 - This review looks at the latest evidence (published between 2018-2021) on the financially vulnerable, with a specific focus on those using credit to make ends meet. The goal of the report is to identify how people in this position might be best supported, aiming to address the following research questions:What is COVID-19’s impact on the financially vulnerable and use of credit for essentials?The use of credit for essentials:Who is using credit for essentials?What credit types are used?How is credit being used (for what essential purchases)?Why is credit being used for essentials (underlying drivers)?What are the impacts of being declined credit?How do money conversations influence financial well-being?How can people who are over-reliant on credit be supported?

AB - This review looks at the latest evidence (published between 2018-2021) on the financially vulnerable, with a specific focus on those using credit to make ends meet. The goal of the report is to identify how people in this position might be best supported, aiming to address the following research questions:What is COVID-19’s impact on the financially vulnerable and use of credit for essentials?The use of credit for essentials:Who is using credit for essentials?What credit types are used?How is credit being used (for what essential purchases)?Why is credit being used for essentials (underlying drivers)?What are the impacts of being declined credit?How do money conversations influence financial well-being?How can people who are over-reliant on credit be supported?

KW - Credit

KW - Covid-19

KW - Financial vulnerability

KW - Financial wellbeing

M3 - Commissioned report

BT - Helping those who use credit to make ends meet

ER -

Helping those who use credit to make ends meet: A Rapid Literature and Evidence Review

Abstract

Keywords

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