Two more energy companies go bust

14th October 2021 Consumer Collections |

Two more UK energy firms have ceased trading amid soaring wholesale energy prices. Pure Planet and Colorado Energy have announced they are ceasing to trade. Pure Planet supplies gas and electricity to around 235,000 domestic customers and Colorado Energy supplies gas and electricity to around 15,000 domestic customers. The founders of Pure Planet have hit…

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Fuel and household energy spend rise by a fifth in two weeks

New analysis of data by Lloyds Bank has found that its customers spent a fifth more on household energy (24%) and fuel (20%) in the last fortnight, compared to the two weeks before. Fuel spend peaked on 24th September (the day after one of the biggest UK petrol station operators said a number of its forecourts…

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Report outlines huge potential growth for open banking

14th October 2021 Consumer Collections | #open banking

Open banking provider, Yolt Technology Services (YTS), launched its inaugural European Open Banking Outlook (EOBO) revealing huge growth potential for open banking, with 40% of banking customers across Europe’s biggest markets not currently using any open banking solution. YTS also sets out how this potential can be unlocked. The EOBO, produced in partnership with the…

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New credit builder product launched to support near-prime borrowers

Subscription loan provider, Creditspring has launched a new credit builder product that helps members gradually improve their credit score without running the risk of incurring further debt. The product, called Step, is the industry’s first credit builder product where the issuer takes on risk through loans borrowed, offers members a small, no-interest loan in exchange…

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Construction insolvencies could rise by 25% in the next six months

14th October 2021 Business | #construction insolvencies

Insolvencies in the construction sector could rise as much as 25% in the next six months despite a rebound in orders according to trade credit insurer Atradius. The report found that he sector contracted by 14% in 2020, UK construction output is forecast to rebound by almost 15% in 2021 and grow by more than…

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Rental arrears figures rising

The Department for Levelling Up Housing and Communities has released the third wave of the Household Resilience Survey which has indicated that renters’ resilience has been pummelled by the pandemic, and has highlighted the new threat of inflation. The research found that 7% of private renters were behind on the rent in April-May (up from…

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Scorecard monitoring brought to life with data visualisation app

14th October 2021 News | #featured#technology

Equifax has announced the launch of a new browser-based scorecard monitoring tool that is designed to transform complex scorecard monitoring into a range of accessible visualisations that shows the performance of a scorecard over time. As increasing numbers of organisations build and utilise bespoke scores to optimise decision making, there is an associated overhead to…

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Ofwat wants ‘measurable progress’ on opening up data

14th October 2021 Consumer Collections | #data#water

Ofwat has urged the water sector to do more to make data open and accessible as a means to share information, collaborate on sector-wide challenges, and improve trust in the industry. The water regulator’s discussion paper says that open data means making data freely available to everyone to access, use and share, unless there’s a…

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