Charities report increase in donations - Loans - News - Moneyfacts


Charities report increase in donations

Charities report increase in donations

Category: Loans

Updated: 13/01/2009
First Published: 12/01/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
A survey of charities has revealed that Britons increased the amount of money they gave away this Christmas.

Despite consumers facing increasing pressure due to credit cards and unsecured loans, the Institute of Fundraising and the Charities Aid Foundation has found that donations rose for many groups.

A total of 35 organisations were polled, with nearly a third stating that their Christmas appeals generated more money than in 2007.

Chief executive of the Charities Aid Foundation John Low remarked: "This shows that the UK is still one of the most generous nations in the world and many people are continuing to think of others even though they may have less money themselves."

And the body noted that the increase was particularly welcome, as 37 per cent of charities expect demand for their services to rise due to the credit crunch.

Credit Action recently found that personal debt in the UK is nearing £1.5 billion.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Regulator to take closer look at high-cost credit

When used well, credit can be a viable way to help make ends meet and balance the books – but the problem comes when that credit is of the high-cost variety. The regulator has will be taking a closer look at the sector to see what else can be done.

The payday loan market is still broken

The payday loan market has been under fire a lot in recent years, and as a result, the financial regulator stepped in. But has it made a difference? Unfortunately, it looks as though there’s still a lot of work to be done.

Get a record low rate loan - if you qualify

Competition in the personal loans market is as hot as ever, so much so that one loan provider has slashed rates to the lowest on record – but only to those who fit the bill. The shopping bill, that is…