28th April 2021 - Credit Connect

Average debt has dropped by 32% over the past year

28th April 2021 Arrears and Recoveries | #featured

New research by Experian has revealed that the average debt in the UK has dropped by 32% (nearly one third) over the past year of living with the enforced Covid-19 lockdowns. The average credit balance across all accounts, excluding mortgages, is now £7,851 – when it was £11,615 at the start of March 2020 and…

Community access to cash pilots scheme launches

28th April 2021 Consumer Collections |

A pilot scheme testing solutions to local cash access being trialled in several locations across the UK. Funded by the banking and finance industry, the Community Access to Cash Pilot is testing measures that enable consumers and small businesses to deposit or exchange cash and receive face-to-face support from branch staff. Two ‘BankHubs’ have opened…

Business CCJ figures fall by 55%

28th April 2021 Business |

County Court Judgments (CCJs) against businesses in England and Wales fell by 55 percent from 33,518 in Q1 2020 to 15,210 in Q1 2021, according to figures released by Registry Trust. Numbers are up 20% from the recent low seen in Q2 2020 but have ranged around the 15,000 mark for the past three quarters.…

Consumer CCJs fall 13%

28th April 2021 Arrears and Recoveries |

The number of County Court Judgments (CCJs) issued against consumers in England and Wales in the first Quarter of 2021 (Q1 2021) was 234,921, a fall of nearly 13 percent from the 269,023 in the same period last year, according to figures released today (12.04.2021) by Registry Trust. The total value of CCJs registered fell…

CSA revises ‘Collector Accreditation Initiative’

28th April 2021 Appointments |

The Credit Services Association (CSA), the UK trade body for the collections and debt purchase sector, is set to launch a significantly revised and updated version of its ‘Collector Accreditation Initiative’ (CAI) online test to further improve professionalism and compliance in an increasingly demanding regulatory environment. CAI was designed by CSA as an affordable way…

Equifax and Canopy announce tenant credit score partnership

28th April 2021 Company News |

Business and consumer insights specialist, Equifax had announced a partnership with Canopy, a fintech platform focused on the financial wellbeing of tenants, to include rental payment data in its credit assessments. The collaboration is positive news for millions of tenants in the UK market who can now boost their credit score by reporting their rental…

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