Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has announced it has taken action against five ‘debt packager firms’ – otherwise known as IVA (Individual Voluntary Arrangement) lead generators – stopping them from providing regulated debt advice. This comes following concerns over firms failing to properly manage conflicts of interest, manipulating income and expenditure figures, trying to promote…
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New research from Aldermore bank has revealed that self-employed workers in the UK are pessimistic about their home buying chances, as the pandemic has exacerbated difficulties felt by this group in getting a foot on the housing ladder. The challenges self employed renters are facing in buying their first home has become more pressing as the pandemic experience has energised…
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The UK’s over-55s are expected to borrow £10 billion more in 2021 as consumer confidence returns to a post-Covid economy, according to new research from equity release lender, more2life, and economics consultancy, Cebr. The research reveals that the total amount of both secured and unsecured debt owed by the over-55s will rise from £226bn in 2020…
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Over seven million people (14%) are worried that they will not be able to afford their council tax bills over the next year, according to new research from the Money Advice Trust. Findings from the charity’s ‘Council Tax After Covid’ report have highlighted that some vulnerable groups are most at risk of falling behind on…
Read moreNew research from Yolt has revealed that 8.7 million consumers (17%) are ‘financially stretched’ following the pandemic. Whilst one in ten (10%) expect to financially struggle in the next 12 months, despite signs of economic recovery, as many households continue to feel the financial impact of the pandemic. Yolt’s research has found that there are many experiences…
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Latest Regional PMI data from NatWest showed an ongoing broad-based recovery in business activity and employment across the UK in June. Rates of growth in business activity generally remained strong, but eased since May in most cases. The rebound in demand for goods and services was accompanied by increasing inflationary pressures, with nine out of…
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Just, the enforcement market integrator has announced the appointment of Jonathan Branchett as Head of Enforcement Partnerships and Performance. Branchett joins the Just team from Bristow & Sutor, where hew was As the former Head of Enforcement. In his new role he will be responsible for managing the largest group of employed enforcement agents in…
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SME funder Bibby Financial Services (BFS) has announced that it has appointed Riana Azam as Regional Head of Corporate to boost its support for businesses in the North of England and Scotland. Azam joins BFS with a wealth of expertise having amassed over 15 years experience in the Invoice Finance and Asset Based Lending sectors in…
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The Money and Mental Health Policy Institute have launched a new best practice guide to help banks and building societies step up efforts to support the growing number of customers affected by gambling harms. The charity’s research shows that banks and building societies can play a crucial role in reducing gambling harms, thanks to the…
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