Credit, Collections & Insolvency News
Over a million people are expected to receive communications from their credit card providers by the end of March asking them to increase their payments. StepChange Debt Charity has launched a dedicated new online information and guidance hub and an interactive credit card repayment calculator for people receiving these ‘persistent debt’ letters. People who have…
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Two in five small business leaders (39%) predict growth by 31st March – the highest level for 18 months, according to new research from Hitachi Capital Business Finance. By industry sector, this quarter sees a rise in growth outlook registered across the board in all but two sectors, with a significant upturn of growth projections…
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New research from NatWest shows that consumers are wasting £25 billion each year on unused direct debits, standing orders and recurring card payments. The typical consumer pays out £496 in recurring payments each month, yet £39 of that goes on things they don’t use or want. Gym memberships (12%), phone contracts (11%) and video streaming…
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Debit card spend in the first two weeks of January was 3.2% higher than a year ago as consumers looked to battle the January blues. Lloyds Bank’s analysis of its own card spending data between 1st January and 14th January 2020 revealed that over £4.3 billion was spent on all goods and services by its…
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Business decisioning data and analytics specialist, Dun & Bradstreet, has announced the appointment of Gary Kotovets as its Chief Data Officer. As Chief Data Officer Kotovets will lead the Firm’s comprehensive data strategy globally, including how the data collected through Dun & Bradstreet’s Data Cloud can be best utilised for new products that meet an…
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