One fifth of credit card users have missed payment in the last 6 months

Almost one-fifth of UK credit card users (19%) have missed a credit card repayment within the past six months due to the rising cost-of-living, according to new research by comparethemarket.com. The research is published as the Office for National...

| Arrears and Recoveries

Business confidence hits 15-month low

Businesses reported a fall in confidence this month, declining 10 points to 28% according to the latest Lloyds Bank...

1st July 2022

Cost of living rise sees majority of Britons cutting back on spending

As the Monetary Policy Committee (MPC) meets to decide whether to impose a further rise in interest rates, the...

1st July 2022

Almost half of financial professionals using Excel for debtor management

Despite the plethora of innovative new software on the market, nearly half (49%) of financial professionals are still using...

1st July 2022

Remortgages hit highest level since early 2020 

Remortgage sales hit 92,558 in Q4 2021, marking the highest level of activity since before the pandemic according to...

1st July 2022

Cost of living rise sees majority of Britons cutting back on spending

As the Monetary Policy Committee (MPC) meets to decide whether to impose a further rise in interest rates, the majority of Britons are already cutting back on their spending.W ith inflation at a 40-year high, the Bank of England’s...

| Consumer Collections

Student debt levels making half think twice about attending University

Half (49%) of university students and graduates said that the prospect of student debt made them think twice about...

1st July 2022

One fifth of credit card users have missed payment in the last 6 months

Almost one-fifth of UK credit card users (19%) have missed a credit card repayment within the past six months...

1st July 2022

Debt charity calls for pause on Universal Credit deductions

Suspending deductions from Universal Credit for Government debt would help plug the gap caused by the shortfall between the...

1st July 2022

Remortgages hit highest level since early 2020 

Remortgage sales hit 92,558 in Q4 2021, marking the highest level of activity since before the pandemic according to...

1st July 2022

Business confidence hits 15-month low

Businesses reported a fall in confidence this month, declining 10 points to 28% according to the latest Lloyds Bank Business Barometer. This is the lowest level since March 2021 when the economy emerged from the second Covid-19 wave.  This...

One in five SMEs that needed external finance were unable to access it

More than one in five (22%) small and medium sized enterprises (SMEs) that needed external finance and/or capital over...

1st July 2022

Directors’ confidence at lowest level since the early months of the pandemic

The June 2022 Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, fell...

1st July 2022

Almost half of financial professionals using Excel for debtor management

Despite the plethora of innovative new software on the market, nearly half (49%) of financial professionals are still using...

1st July 2022

Sigma Connected agrees Yu Energy contract

Business outsourcing specialist Sigma Connected has been awarded a contract by business energy and water operator Yu Energy to...

30th June 2022

Coventry Building Society appoints Chief Risk Officer

Coventry Building Society has announced that it has appointed Richard Bowles as Chief Risk Officer. Bowles, who has around 20 years of experience in financial services, will join from TSB later this year, where he has been Interim Chief...

| Appointments

Fraudsters stole £1.3bn in 2021

UK Finance’s latest fraud report has shown that a total of over £1.3 billion was stolen by criminals through...

30th June 2022

PSR sets out plans for card-acquiring services to help retailers

The Payment Systems Regulator (PSR) has published its provisional decision on remedies for the card-acquiring market review, following its initial...

30th June 2022

Complaints about bank scams increase

The Financial Ombudsman Service (FOS) received nearly 25,000 complaints about current accounts in the year to March, more than...

29th June 2022

Money laundering loopholes being missed by property firms

Up to 70 per cent of property firms surveyed for an anti-money laundering campaign have not changed their approach...

29th June 2022

SIA Group appoints Non-Executive Director

SIA Group announced the appointment of asset-based lending industry veteran Paul Beveridge as a Non-Executive Director. Beveridge brings more than three decades of experience to the role, latterly as Managing Director of PNC Business Credit. Under Beveridge’s leadership, PNC...

| Appointments

Companies wound-up after abusing covid support scheme

Two connected companies have been wound-up in court after they abused multiple local authorities to receive covid support loans...

24th June 2022

Zombie company numbers set to reach record high

Business recovery group Begbies Traynor has warned that the number of zombie companies is set to reach a record...

23rd June 2022

Shakespeare Martineau launches insolvency litigation service

Shakespeare Martineau has announced that it has launched a new insolvency litigation service called ‘InSolvLit’. The new service will...

23rd June 2022

Bankrupt abuses government support scheme

A bankrupt from North London has received 8 years of additional restrictions from the Insolvency Service after he applied...

22nd June 2022


Thursday 7th July 2022

Online Collections Technology Think Tank 3.2

The fifth Online Collections Technology Think Tank will feature a number of discussions to understand the best possible collection strategies in 2022.

Tuesday 6th September 2022
Lending Technology - Think-tank

Online Lending Technology Think Tank 2.2

The fourth virtual Online Collections Technology Think Tank will feature a number of discussions to understand the best possible lending strategies. For more event information click here Click here to register

Thursday 17th November 2022
Credit-and-Collections-Technology---Think-Tank

2022 Credit & Collections Technology Think Tank, Midland Hotel, Manchester (followed by the 2022 Credit & Collections Technology Awards)

Credit Connect’s Credit & Collections Technology Think Tank is a new, innovative and unique event in the industry calendar.

Thursday 17th November 2022

2022 Credit & Collections Technology Awards Ceremony, Midland Hotel, Manchester

The Credit & Collections Technology Awards is the flagship annual awards event for the lending, credit and collections sector.


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