Credit, Collections & Insolvency News
Research by the LSE’s Programme on Innovation and Diffusion (POID) has found that one in sixteen businesses say that they are at risk of closure in the next quarter. The research notes that this period is set to see the Government withdraw critical coronavirus support, such as the furlough scheme. The research found that during…
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The TUC is calling on the government to establish a permanent short-time working scheme as ‘a post-pandemic legacy’ to help protect working people through periods of future economic change. The trad reunion says the furlough scheme, while far from perfect, is one of the major successes of government policy during the pandemic, protecting millions of…
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After ten weeks of voting and over 25,000 votes received, Smart Money People have announced the finalists for their Consumer Credit Awards 2021. The Consumer Credit Awards are now in their sixth year and are 100% voted for by customers, with the aim to find those financial companies that are most dedicated to putting their…
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New Freedom of Information (FOI) data from the FCA gathered by wealth manager, Quilter has revealed a sharp increase in the number of mortgage sales with a term of 35+ years at the beginning of 2021. In March of this year, 25,112 mortgages were sold with a term of 35+ years, a 70% increase compared…
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A third of self-employed homeowners have increased their unsecured debts and a quarter have deferred mortgage payments to prop up their finances during the Covid-19 pandemic according to research by The Mortgage Lender. The survey, which was carried out in March this year among 1,000 self-employed homeowners, or those who want to own their own…
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Specialist lender, Hodge Bank has announced the appointment of Jan Preece as its Chief Financial Officer to support the Bank’s growth. Preece previously held the role of Finance Director at Friends Provident International, having been a key executive member of the Friends Life/Aviva Group since 2014. Preece has gained significant experience setting up new target…
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New data from small business lender specialist, iwoca has revealed how embedded finance will play a vital role for small businesses as they look to recover from the pandemic. In Q1 2021, iwoca data shows that 50% of customers who applied through an embedded finance partner received a lending decision in less than two minutes,…
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