Credit, Collections & Insolvency News
The number of decrees registered against Scottish consumers during the first Quarter of 2021 fell by over 25 percent, from 5,430 to 4,052, compared to the same period last year, according to figures released by Registry Trust. The total value fell from £14.2 million to just under £11 million compared to the same period last…
Read more
The number of debt judgments registered against Northern Ireland consumers in the first Quarter of 2021 fell from 1,476 to 972, a fall of just over one third compared to the same period last year, according to figures released by Registry Trust. The total value of judgment debt saw a smaller fall, down 6.3 percent…
Read more
The number of decrees registered against Scottish businesses during the first Quarter of 2021 fell by over 40% according to latest Registry Trust data. The number of decrees against Scottish businesses fell from 722 to 434. The total value fell by 27 percent from just under £3 million to £2.2 million. The average value rose…
Read more
The number of debt judgments registered against Northern Ireland businesses in the first Quarter of 2021 fell by 42% according to the latest Registry Trust figures. The number of judgments registered in Q1 2021 was just 152, compared to 261 in Q2 last year, a fall of 42 percent. The total value of judgments against…
Read more
Here is an overview of The Money Charity’s latest statistics for April 2021 Personal debt in the UK People in the UK owed £1,698.4 billion at the end of February 2021. The average total debt per household, including mortgages, was £60,935 and per adult was £32,053, around 108.2% of average earnings. Net mortgage lending rose by…
Read more
The number and of judgments registered against Irish businesses saw huge falls in the first quarter of 2021(Q1 2020) compared to the same quarter last year according to latest Registry Trust figures. Judgments against Irish businesses also saw sharp falls from 252 to 89, down 65 percent. However, the total value registered against businesses rose…
Read more
The number of judgments registered against Irish consumers saw huge falls in the first Quarter of 2021 compared to the same quarter last year according to latest Registry Trust figures. The number of judgments against consumers fell by 73 percent, from 565 to just 155. The total value fell by 71 percent, from nearly €26…
Read more
Nearly two in five (39%) consumers, equivalent to 20 million people, plan to save a higher share of their income after the pandemic than they did before, including 17% who plan to save significantly more according to research by financial mutual Scottish Friendly and the Centre for Economics research. The business research has also revealed…
Read more
New research from credit management company Lowell has found that half of consumers have never checked their credit score. Thre research also found that one-third of consumers (32%) don’t know how to check their credit score, leaving them open to possible identity fraud and a lack of financial awareness whilst many consumers are unsure what…
Read more
Since the pandemic began, 45% of households have started scrutinising their finances more regularly, compared to just 4% who said they paid less attention to their spending, according to new research from comparethemarket.com. The research also found that for those who are paying closer attention to their outgoings, nearly half (45%) are concerned about running…
Read more
AutoProtect Group has appointed Tim Hudson to the newly created role of Chief Sales and Marketing Officer. Hudson has extensive experience in the automotive industry in the UK and overseas, including senior Board and C-level roles in the leasing, manufacturer, auction and most recently automotive data and software sectors. AutoProtect Group CEO Matthew Briggs said…
Read more
V12 Vehicle Finance has announced that it has appointed David Nield as its Managing Director. Nield will succeed David Mercer who held the role for three years. Nield brings more than 25 years of experience in the finance industry to his new role, including senior positions at Barclays, Iveco Capital Europe and GE Capital Motor…
Read more
Business finance marketplace platform Funding Options has launched Funding Cloud, a data-driven technology platform that the company says will bring scale and speed to the SME finance sector. Lenders including Just Cash Flow, iwoca, YouLend, Optimum Finance and FIBR have already integrated with Funding Cloud. By Q4 this year, the company expects to have more…
Read more