Credit, Collections & Insolvency News
Barrow & District Credit Union (BDCU) has announced that it has entered into administration James Sleight and Peter Hart of PKF GM have been appointed as Joint Administrators of the Credit Union The Financial Services Compensation Scheme (FSCS) has also declared the credit union in default, which means that savers are entitled to receive their…
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New research by Age UK has found that one in five UK women pensioners now living in poverty. Age UK’s research shows that in less than a decade the proportion of female pensioners in the UK living in poverty has increased by six percentage points, resulting in one in five female pensioners – 1.25 million…
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Investment firm Fintex Capital, has launched an innovative suite of buy-now-pay-later (BNPL) lending products aimed at established businesses seeking smart and cost-efficient debt financing and new avenues of growth. Over the past six months, Fintex has developed a range of bespoke BNPL products for creditworthy businesses, to help them access new markets and unlock value…
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A specialist police unit that targets the organised criminal gangs behind fraud prevented a further £85 million from being stolen in the first half of this year. The Dedicated Card and Payment Crime Unit (DCPCU) is funded by the banking and finance industry and is made up of officers from the City of London Police…
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More than half of new mortgage borrowers do not expect to pay off their loans before they turn 65, according to a recent study. Research published by UK Finance said longer mortgage terms coupled with the ageing population was driving a trend towards borrowing later in life. Some 52% of new homeowner mortgage lending in…
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A new report published today by the British Retail Consortium (BRC) highlights the need for government to take immediate action to reduce the burden placed on retailers by business rates. According to the report, this would help to “unlock the industry’s potential to support the economic recovery from the pandemic, ensuring that retail remains a…
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New research from Bulb, the green energy company, has revealed that a quarter of consumers under 35 still turn to their parents for help understanding their energy bills and many don’t understand common utility bill terms.. Over half (52%) of all consumers said that they’d like more resources from their energy supplier in order to…
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JPMorgan’s new digital current account has launched in the UK, under its Chase brand. Chase is offering customers 1% cashback on debit card spending for their first year and 5% interest on small change round-ups. The latter will take place when a customer uses their debit card to make a purchase and the amount deducted from…
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