Credit, Collections & Insolvency News
Homeowners are set to access more than £4 billion of property wealth this year via equity release for the first time on record according to latest figures from the Equity Release Council. Latest analysis from the Council found that over-55 homeowners unlocked £1.15 billion of property wealth via equity release during Q3 2021, down 2%…
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Three directors have been banned following investigations which found that nearly £100,000 worth of Bounce Back loans had been inappropriately applied for, or misused following investigations by the Insolvency Service. The Bounce Back Loan (BBL) scheme ran to March 2021 and provided loans of up £50,000 to help businesses survive the impact of the Covid-19…
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The Build to Rent sector is being targeted by fraudsters with a 364% rise in fraudulent tenant applications in the past six months, according to data from tenant due diligence and guarantee firm Homeppl. To correlate with this upward trend, the detection of fraud in this space has seen a significant increase in value, meaning…
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Despite a big increase in the amount of borrowing by businesses since the start of the pandemic, only 11% of small and medium-sized enterprises (SMEs) say they are worried about their current level of business debt, according to new research from Lloyds Bank Business. The research, which polled SME business owners and decision-makers right across…
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Credit Connect has confirmed the line-up for next week’s Credit & Collections Technology Awards which takes place at the Midland Hotel in Manchester next Thursday (4th November). The awards are judged by a panel of industry experts who have reviewed technological excellence in four different categories sections: creditor and lender, collections and recoveries, applied technology, and…
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