Credit, Collections & Insolvency News
Since the start of the year, 35% of grown-up children have returned to the family home, typically increasing their parents monthly outgoings by £425, research from Canada Life has revealed. Overall, the living situations of 7.2 million consumers have changed since January, of which 10% can be attributed directly to Covid-19. Whilst the majority (83%)…
Read more
The Consumer Council for Water (CCW) is launching afresh bid to break down the barriers to households getting the support they need from their water company during Covid-19 and other periods of disruption. CCW’s ‘Vulnerability Manifesto’ has set out a series of commitments to make sure more consumers get the right help at the right…
Read more
Commercial loan customers now have access to quicker lending decisions with secure messaging through Together’s new mobile phone app. The specialist lender has partnered with Nivo, creators of the instant messaging and data sharing platform, which can be downloaded and used by clients up to the point of funding. It uses secure messaging technology which…
Read more
Mortgage provider, Foundation Home Loans is moving its underwriting technology to LendingMetrics’ ADP automated platform. The buy-to-let and residential lender has gone live on an automated affordability calculator as the first step in transitioning its underwriting to ADP. David Wylie, Commercial Director of LendingMetrics, said “Foundation Home Loans was keen to find technology that would…
Read more
The average adult spends the equivalent of an entire year worrying about money over their lifetime, with more than a quarter admitting it is bad for their mental health. A study of 2,000 consumers found they typically think about their finances four times-a-day, for a total of 28 minutes. This amounts to 170 hours-a-year –…
Read more
New research has found that one in eight families have struggled to cover funeral debts, with a shortfall of almost £2,000 on average causing financial issues. According to SunLife’s ‘Cost of Dying Report 2020’, two in five of us don’t make any financial provision to pay for our own funeral, leaving loved ones to pick…
Read more