Credit, Collections & Insolvency News
Research by debt specialist ACP Altenburg Advisory reveals that ‘normal’ lending to SMEs fell from £168 billion in December 2019 to £152 billion in December 2020, with emergency coronavirus funding through the Coronavirus Business Interruption Loan Scheme (CBLIS) and the Bounce Back Loan Scheme (BBLS) seeing almost £61 billion lent to such firms by December…
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A new report by the British Business Bank has revealed how private debt has become a valuable source of finance for smaller businesses across the UK since the 2008 economic crisis – with £18.4bn of lending in 2018 and 2019. Private debt is often the only or most viable funding solution for smaller businesses and…
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Christians Against Poverty (CAP) Founder John Kirkby is stepping down from the business after 25 years. Kirkby launched Christians Against Poverty (CAP) in Bradford in August 1996. The charity works with a network of churches and has a commitment to making its services available to all, regardless of religion or belief. CAP, which also operates…
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New figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported a fall in new business volumes of 12% in December 2020 compared with the same month in 2019. In 2020 as a whole, new business volumes in this market were 21% lower than in 2019. The consumer…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in December 2020 by 18% compared with the same month in 2019, and decreased by 18% in 2020 as a whole. The retail store and online credit sector reported new business 6% lower in December than in the…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell by 6% in December 2020 compared with the same month in 2019. In 2020 as a whole, new business was 23% lower than in 2019. The commercial vehicle finance sector reported new…
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Software solutions specialist, Aryza has announced new enhanced functionality for its Debtsense customers. The change will allow financial businesses to review their customers affordability and propose automated changes to their credit limit based on their own rules, that are built into the system. Incorporating technology such as open banking, AI-informed decision making and intuitive customer…
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