New figures released by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q1 2019 was 24, 47.8% lower than in the first quarter of 2018. The rate of second charge mortgage repossessions (as a percentage of outstanding agreements) was 0.08% in the twelve months to March 2019.…

Three in ten (28%) consumers ran a ‘deficit budget’ in the past month, spending more during the month than they received in income, according to new research from R3, the insolvency trade body, and ComRes. One in six consumers (17%) spent up to £100 more than they received in income over the past month; 7%…

The number and total value of debt judgments in Jersey fell in the first quarter of 2019 compared to the same period 2018, according to figures released tby Registry Trust. There were 448 judgments registered in Jersey during Q1 2019, 17 percent fewer than in the first three months of 2018. The average value of…

Free debt advice specialist, PayPlan, has surveyed its clients to find out how being in debt has impacted their mental health. The survey found that over 85% of clients reported that being in debt negatively impacted their mental health, reporting feelings of stress (91%), anxiety (84%) and depression (68%). Almost half of those surveyed visited…

Business advisory firm, Quantuma has completed a merger with Kingsland Business Recovery, which sees the firm open three new offices across the Midlands and Yorkshire As a result of the merger, Quantuma will take on Kingsland’s offices in Bradford, headed by Partner, Rehan Ahmed; and Nottingham and Birmingham, led by Partner Tauseef Rashid, as well…

Debt collection specialist Opos has announced that it has appointed John as Head of Client Engagement. Freel has over 30 years’ experience within the collection and debt purchase industry and is known for his honesty, integrity and commitment to exceeding clients’ service requirements. Freel said “My reasons for joining Opos were straightforward. Firstly, I have…

The Institute of Directors has urged the Government to provide clearer guidance to businesses for supporting remote workers, voicing concerns that official advice paid little or no attention to workers’ mental wellbeing. In a new study, Managing Mental Health in Changing Business Models, the IoD found that almost three-quarters of members proactively offered employees flexible…

In the first quarter of 2019, 321,044 County Court judgments (CCJs) were registered against consumers in England and Wales, a rise of five percent on the same quarter of 2018, according to figures by Registry Trust. The total number of adverse CCJs have risen year-on-year for the past six years. At the same time the…