Credit, Collections & Insolvency News
Energy suppliers have increased the cheapest energy deals by £180 in a year, since the start of July 2020, with the new price cap level expected to rise for millions of households, according to research from comparethemarket.com. The increase comes as energy deals have reached the highest cost for more than two years. The average…
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New research by outsourced finance solution specialist, Addition, has found that nearly a third of UK businesses are concerned about surviving the next 12 months. The national survey highlighted the main concerns for small business owners over the next 12 months., showed that surviving without government support is the biggest concern for businesses in the…
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New research by LifeSearch has found that 7% of Brits have overpaid on their mortgage over the past six months with on average, those who have overpaid their mortgages have done so at an average rate of £319 per month, which across the UK as a whole, is £1.5 billion a month or £7 billion…
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New figures released by the Finance & Leasing Association (FLA) show that the consumer car finance market reported growth in new business volumes of 12% in June 2021 compared with the same month in 2020. In the first half of 2021, new business volumes were 31% higher than in the same period in 2020. The…
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New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 39% in June 2021 compared with the same month in 2020. In the first half of 2021, new business was 28% higher than in the same period in 2020. The plant…
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New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes grew by 195% in June 2021. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…
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New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew by 28% in June 2021 compared with the same month in 2020. In the first half of 2021, new business was 18% higher than in the same period in 2020. The retail store and online credit sector reported…
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MotoNovo Finance has announced the appointment of Karl Werner as its new Managing Director (MD). Werner replaces long-serving CEO Mark Standish who has decided to leave the business having overseen the integration of MotoNovo within parent Aldermore Group. Standish has led MotoNovo for over twenty-two years, taking the organisation from under 1% market share to…
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