The debt advice sector has developed a first of its kind apprenticeship qualification. The qualification Standard and End Point Assessment have now been submitted to the approval board of the Institute of Apprenticeships. It is expected that the apprenticeship will launch within the next six months. The apprenticeship is a cross-sector qualification developed in collaboration…

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, has successfully passed the first important stage on its journey to become the foremost provider for apprenticeships in the collections and compliance space. An OFSTED report has praised the CSA’s apprenticeship programmes and how they are successfully contributing to…

Arrears management and legal services specialist Ascent which is part of the Irwin Mitchell Group, has its latest financial results for 2018/19, indicating that revenue has riseb to £9.7 million. The company says the first quarter of 2019/20 has also been particularly strong for the business, with revenue 12% ahead of target thanks to increased…

New figures from UK Finance show that consumers spent almost £16.9 billion on credit cards in May, a year-on-year increase of 2.3%. The annual growth rate of outstanding balances on credit cards stood at 4.1 per cent in May 2019, continuing the downward trend from its recent peak of 8.3 per cent at the start…

A new report by Credit Benchmark has highlighted the pressure of Brexit on Restaurant and Bar businesses. The report says that the UK industry has been suffering under the ‘Brexit Effect’ for some time now, with a downturn observed across both large and smaller businesses around the country. One of the hardest hit industries has…

Six out of 10 people (62%) don’t know how their credit report is used, according to TransUnion. When it comes to student loans, nearly a third (32%) aren’t sure whether it would affect their credit score, whilst 18% wrongly believe a student loan would have a negative impact. This year will see record numbers of…

According to new research from TSB, parents across the UK are expecting to spend an average of £243 on entertaining their kids this summer. Parents living in London will see the biggest dent in their finances (£276), whilst parents in the South East expect to spend £239.  Two in five parents (38%) will have to…

Ofgem has appointed EDF Energy to take on supplying Solarplicity Supply Limited’s 7,500 domestic and 500 business customers. This follows an appointment process run by Ofgem to get the best deal possible for customers. All outstanding domestic customers’ credit balances, including money owed to both existing and former customers of Solarplicity, will also be honoured.…

Mortgage servicer, Computershare Loan Services has confirmed it has again been reappointed as standby administrator by Belmont Green for its Tower Bridge Funding No 4 plc securitisation. The company will also act as delegate mortgage administrator for the loans. Andrew Jones, Chief Executive Officer at Computershare Loan Services, said “We’ve developed a great working relationship…