Credit, Collections & Insolvency News
Small and medium-sized enterprises (SMEs) outside of London and the South East received two thirds of loans in the first three quarters of 2019, according to the UK Finance’s latest Business Finance Review. While eight out of ten loan applications by SMEs were approved, there were four per cent fewer loan applications in Q3 2019…
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The Bank of England’s (BoE) credit conditions survey shows consumers were more hesitant about credit card spending in the closing months of 2019, with a balance of -13. 3% of lenders reporting a rise in demand for unsecured lending. A balance of -6 .7% of respondents had increased the availability of unsecured credit. The survey…
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Commercial finance provider, Independent Growth Finance (IGF) has appointed Matt Shepherd as Commercial Director. Shepherd comes to IGF with nearly 20 years experience in finance, with a focus on business development and asset based lending. As former UK Head of Business Development and Client Management for the ABL division at CYBG, previously Clydesdale and Yorkshire Bank, Shepherd…
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LendingMetrics has unveiled a new version of its multi-award-winning* automated underwriting platform ADP. Finance providers , who will go live with the latest iteration of the software this week, now have access to a range of new features designed to increase leverage of consumer data and further improve the quality of decision making. The upgrades…
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The Financial Conduct Authority (FCA) has found that over half of mortgage prisoners who would be eligible to switch to a new product using new rules published in late October last year are paying an interest rate of 3.5 per cent or lower. The FCA also found that It adds that of the 170,000 who are…
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