Credit, Collections & Insolvency News
Metro Bank has announced that it has appointed Nova Everidge as its new Director of Asset Finance. Everidge joined Metro Bank’s Asset Finance team in 2016 when she joined as Head of Operations and Sales Support, reporting into Nathan Mollett. Everidge will now succeed Mollett in leading the function, as he leaves Metro Bank to…
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The government has announced that it will pay employees who cannot work 67% of their salaries, up to £2,100 a month for local lockdown areas which will require business closures. Responding to the announcement, The Money Advice Trust has welcomed the Chancellor’s expansion of the Job Support Scheme to support businesses forced to shut because…
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Money Advice Trust Chief Executive Joanna Elson has been awarded a CBE in the Queen’s Birthday Honours List for services to people in financial difficulty. Elson has served as Chief Executive of the Money Advice Trust, the charity that runs National Debtline and Business Debtline, since 2008. In addition to her role at the Trust,…
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The Credit Services Association (CSA) has welcomed that Treasury’s announcement on changes to default notices ‘debt threat’ letter changes. Chris Leslie, Chief Executive of the Credit Services Association (CSA), said “The wording of these ‘default letters’ has been prescribed in old legislation for decades – so we completely agree it’s about time the law was updated.…
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One in every two first-time buyers aged under 35 is receiving financial support from the Bank of Mum and Dad (BoMaD), new research from Legal & General and Cebr has revealed. More than half (56%) of those under the age of 35 received a financial gift to help them step onto the housing ladder. In…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in August 2020 by 11% compared with the same month in 2019, and contracted by 21% in the eight months to August 2020. Consumer car finance new business grew in August by 8% compared with the same month…
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New figures released by the Finance & Leasing Association (FLA show that new business in the consumer car finance market grew 1% by volume and 8% by value in August 2020 compared with the same month in 2019. In the eight months to August 2020, new business volumes in this market fell by 26% compared…
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