Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has today launched a market study to consider whether competition in the mortgage sector can be improved to benefit consumers. The FCA wants to understand whether consumers are empowered to choose on an informed basis between products and services and are in a position to understand whether these represent good…
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Millions of households could see their council tax bill increased by almost 4%, after it was revealed nine out of 10 local authorities are planning to increase the charge. A quarter of the 152 top councils in England were surveyed and it was found that 95% intend to increase bills for 2017/2018 by between 3.9%…
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The amount of alternative finance available under ‘asset based lending’ to UK businesses reached a record high of £4.3 billion, up 22% in the last year*, says the Asset Based Finance Association (ABFA). The ABFA explains that asset based lending allows businesses to borrow against a range of assets they already own, including inventory, property,…
Read moreCharity Christians Against Poverty (CAP) has publishied new findings that show 93 per cent of clients stay free of problem debt years after receiving help. The Freedom Report, to be delivered this evening an event in Parliament, contains information gathered from 214 phone interviews with people who had become debt free with the charity up…
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