Credit, Collections & Insolvency News
CCJs hit a record high in 2019, but the average value has almost halved since 2010, reaching a record low in 2017. Every region in the UK saw a higher percentage increase in CCJs under £500 than over £500. London and the South had the largest increase in the number of CCJs since 2010. The…
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Almost two in five people in Scotland are concerned about their income during the Covid-19 pandemic, research for Citizens Advice Scotland (CAS) has found. The research, carried out by the Diffley Partnership, found 39 per cent of people concerned about their income during coronavirus. The research concludes seven months of tracking attitudes by CAS and…
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A quarter of a million older workers have stopped making pension contributions to make ends meet during the pandemic, according to new study by SunLife. According to Sunlife’s ‘Finances After 50’ research, before the crisis, around 22% working people over 55 were making regular contributions into a personal pension, UK-wide, this is equivalent to 2.4million…
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New research by Royal London has revealed a startling picture of people’s personal finances during the pandemic. the figures above show, household incomes have fallen while bills have risen, with many people believing that things are going to become even bleaker. The company found that the self-employed have been more acutely affected by Covid-19 than…
Read moreExperian is launching the UK’s first service to give consumers the ability to instantly improve their credit score, using information such as regular video and music streaming payments and council tax payments. The company says early analysis suggests over half of people (51%) using the new service will receive an instant increase to their Experian…
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The Credit Services Association (CSA), the voice of the debt collection and debt purchase sector, has launched a new video to promote Five Steps that people can take if they’ve fallen into debt. Building on its previous #heretohelp campaign, the video explains the importance of engaging with those a customer owes money to and urges them to be as open and…
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Business advisory firm Quantuma has appointed Fred Satow as Director at its London office as it continues its expansion across key regions. A chartered accountant and licensed insolvency practitioner, Satow has gained over 30 years of experience in the restructuring and insolvency arenas, at a range of Big 4, top 20 and boutique firms. Most…
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