Credit, Collections & Insolvency News
A survey of small businesses by Mazuma Accountants has found that 39% believed they would struggle to meet repayments of the Government’s Bounce Back Loan Scheme when they start this month. With repayments of the Government’s Bounce Back Loan Scheme (BBLS) scheduled to start this month, the poll found that almost 40 per cent of…
Read more
Retail and hospitality leaders have urged the Government to tackle the £5 billion of rent debt owed to landlords ‘as a matter of urgency’ warning of widespread business failures without some form of resolution. Giving evidence to the House of Commons Treasury Committee UKHospitality CEO, Kate Nicholls has highlighted the need for further Government support…
Read more
New data from FICO has revealed the levels of consumer tolerance to new account opening security checks. With 23 percent of respondents admitting to going to a competitor financial services provider if asked to visit a branch or post documents as part of the digital application process. According to the data, if asked to visit…
Read more
Experian and Codeweavers have agreed on a new partnership which it says will enable car buyers to get a clearer view of their financing options without affecting their credit score. Dealers and lenders using the Codeweavers platform will now see what lending the customer would be preapproved for – or a percentage likelihood of them…
Read more
Consumer spending was 7.6 per cent higher than in May two years ago according to new analysis by Barclaycard. The data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that spending on essential items grew 11.4 per cent compared to May 2019 – the sharpest increase since before…
Read more