Credit, Collections & Insolvency News
A new study of the nation’s finances by Zopa has found there is a new group of avers bucking the trend for ‘skint January’, and are instead practising ‘Fruganuary’ by prioritising getting in control of their finances. More than a third (35%) of consumers have less money the first month of the year than in…
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SME-focused alternative lender Just Cashflows has announced that it will offer all its customers a ‘first line of defence’ against fraud that it says currently costs SMEs nearly £1.5billion a year. Businesses will now be able to use the software to gauge the propensity for a customer or business to be involved in fraudulent activity,…
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Enforcement specialist JBW Group has announced that that it has been awarded four contracts to provide Approved Enforcement Agency services to Her Majesty’s Courts and Tribunals Service (HMCTS). As a result of these awards, JBW will be providing primary services to the London, South-East and Midlands regions of HMCTS and secondary services for all other…
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There was a 20 percent rise in the number of judgments recorded against consumers in the Republic of Ireland in Q4 2019, compared to the same period last year, figures released by registrar Irish Judgments show. Consumer judgment numbers rose from 516 in Q4 2018 to 618 Q4 2019, while the total value grew by…
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In the year up to November 2019, UK households borrowed almost as much as the Government, demonstrating that debt remains both a private and public sector issue, according to the January 2020 Money Statistics, produced by The Money Charity. The latest data available from the Bank of England and ONS shows that UK households borrowed almost…
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Here is an overview of The Money Charity’s latest statistics for January 2020 Personal debt in the UK People in the UK owed £1,669 billion at the end of November 2019. The average total debt per household, including mortgages, was £59,982 and per adult was £31,643, around 111.6% of average earnings. Net mortgage lending rose…
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Judgments taken out against consumers in Northern Ireland rose 16 percent in Q4 2019 compared to the same period in 2018, according to figures released today (27th January 2020) by Registry Trust. 1,732 judgments were taken out against consumers compared to 1,494 in Q4 2018. The average value rose by 7 percent pushing up the…
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New research from TransUnion has highlighted the importance of trust and says that empowering and educating consumers is essential for lenders to compete in a changing financial landscape TransUnion’s new white paper, which examines consumer credit behaviour in the UK, unveils key trends and themes for lenders to note as we embark on a new…
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Third-party administrator of mortgages, Computershare Loan Services has announced that it will fund free Money Advice Scotland training courses from its Charity Donations Fund. Money Advice Scotland has recently launched a new programme of training, and the funding will allow it to offer two rounds of its Complex Cases course free to its members. The…
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