Credit, Collections & Insolvency News
New data released by the Treasury has revealed that £51.7 billion was lent to businesses via the Government’s emergency coronavirus loans funding schemes. Lending under the bounce back loan scheme accounted for £34.96bn, with a total of 1,404,726 applicants and 1,157,296 approvals; under the coronavirus businesses interruption loan scheme (CBILS), lending hit £13.41bn, with 121,669…
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Around three in ten millennials (30%) and generation Z’ers (31%) (those born after 1996) who use buy now, pay later (BNPL) cited not wanting to take out or use a credit card as a factor in choosing these services according to new research by finder.com This figure drops to 23% for gen X’ers (born between…
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CIVEA, the principal trade association representing over 95% of civil enforcement agencies in England and Wales, has released two new videos to help explain why the pending return to enforcement is both safe and fair. The animations are available now and are free to view by local authorities (LAs) and the general public on the…
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The Financial Wellness Group has launched a new app to make it even easier for its IVA and DMP customers to manage their financial wellbeing using their mobile device. The new app, which is free for customers to download and use, is available for Apple and Android devices. The app will become a vital way…
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Consumer credit technology and outsourced services provide, .EQ Credit Services (EQCS) has announced it has delivered a flexible loan management solution for direct online lender, MYJAR. Lender, MYJAR helps customers facing temporary financial shortfalls, offering loans from £100 to £2,000, repayable over three, six or twelve months. EQCS worked with the lender to quickly replace…
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