Credit, Collections & Insolvency News
Non-bank UK subprime lenders are beginning to withdraw from the UK marketing according to research by Quickloans. The lender says that on March 15th, non-bank UK subprime lenders started to withdraw from the market, by March 21st all but one had ceased lending to new customers. The single lender that remained had switched to only…
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A new industry report conducted by the Horticultural Trades Association (HTA) has revealed that the government’s current proposed aid package does not work for the horticultural industry and that a third of UK growers claim they will be insolvent by the end of June because of the impact of coronavirus. In response to the findings,…
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Retailers suffered a “historic” collapse in sales as the lockdown set in as even food retailers reported a slowdown, according to new CBI figures. The CBI’s monthly Distributive Trades Survey (conducted between 27th March 2020 and 15th April 2020) reveals that retailers expect a similar pace of decline in annual next month – the weakest…
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New research has highlighted the precarious lives of those on chronic low incomes with predictions showing further hardship from the coronavirus pandemic. Debt charity Christians Against Poverty (CAP) new report ‘Is Anyone Listening?’ reflects on the statistics for 2019 showing that many walk a financial knife-edge with no safety net from income shocks or unexpected…
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