Credit, Collections & Insolvency News
In 2019, there was an estimated 13.4 per cent of households (3.18 million) in fuel poverty in England according to latest statistics released by the Department for Business, Energy & Industrial Strategy (BEIS). In 2019, 3.18 million households were classed as fuel poor, a reduction of 1.6 percentage points (341,000 households) from 2018. The depth…
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Businesses SME revenue is predicted to fall by 28 per cent in Q2, with almost three-quarters of SMEs expecting coronavirus to have a significant impact for the next three months according to Barclaycard Payments’ second SME Barometer. The research found that, despite UK businesses predicting poor short-term performance, and reporting a dip in sentiment compared to…
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Atom bank has announced a partnership with Credit Kudos to provide business loan affordability assessments with an aim to deliver £1 billion in lending over the next two years. Through this partnership, Atom will use categorisation and risk insights to automate underwriting assessments, enabling real-time decisions and improving the customer experience compared to traditional paper-based processes.…
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Water regulator, Ofwat has announced the launch of a consultation on how to address increases in bad debt. The consultation aims to strengthen protections for non-household customers who are late paying their bills which the regulator says could result in higher than expected levels of bad debt in the business retail market. In April 2020…
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