Credit, Collections & Insolvency News
The results of TotallyMoney’s Financial Awareness Survey has revealed that myths surrounding interest payments, credit limits and how often you need to use your card are clouding the judgement of UK consumers. One statistic shows that over half of UK adults (54%) didn’t know that paying off an outstanding balance in full each month may…
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The Financial Conduct Authority (FCA) has reported itself to the Information Commissioner’s Office (ICO)after revealing that it mistakenly published the personal records of 1,600 complainants on its website, where anyone could access the information. The data was visible between November 2019 and February this year and covered complaints recorded between January 2018 and July 2019.…
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Southend-on-Sea has knocked Bristol off of top spot for number one location for contactless payments in the UK in 2019. Research from Paymentsense showed that there were 305 million transactions across the whole of 2019. Southend’s population and its touring visitors are well and truly cashless consumers, with a whopping 78% of all transactions being…
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Just Mortgages has announced that it has appointed its first female Financial Services Director as it continues its expansion and diversity drive. Kerry-Ann Davies has been in financial services for 16 years having spent 13 years at NatWest where she managed a team of mortgage advisers and helped them to exceed compliance and productivity performance…
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New research from Citizens Advice finds that many people in council tax arrears can’t afford to pay their debts, and have an average of just £7 left at the end of the month after covering their living costs. Some four in ten have no money left at all. The overwhelming majority – nine in ten…
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Last year, during 2019, The Insolvency Service an agency of The Department for Business, Energy and Industrial Strategy paid out a total of £346.11 million from the National Insurance Fund to former members of staff as a result of their employer entering into either administration, liquidation, a CVA or another form of corporate insolvency according…
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