10th February 2022 - Credit Connect

Household finance squeeze leads to growth downgrade prediction for 2022

10th February 2022 Global | #economy

The bounce back in the UK economy was stronger than expected last year, but the EY ITEM Club’s Winter Forecast has nevertheless downgraded its projections for UK GDP growth for 2022. The EY ITEM Club believes that UK GDP grew 7.3% in 2021, up from the 6.8% predicted in its previous forecast. Growth of 4.9%…

Credit Reference Agency announces plans to include BNPL data on consumer credit reports

10th February 2022 Alternative Consumer Lending | #Buy now pay later

Global information and insights provider TransUnion has announced it is set to accept Buy Now, Pay Later (BNPL) finance into UK consumer credit files, becoming the first credit reference agency in the UK to do so. Following extensive research and product innovation, buy now, pay later finance – also known as deferred payment credit –…

Spending and credit card balances increased over the Christmas period

10th February 2022 Consumer Lending | #credit cards

Latest data from Fico has indicated that spending and credit card balances increased over the Christmas period. The average active balance continued its strong upward trend at £1,550 in December, although it will take several more months of continuous growth to reach the £1,719 average seen in December 2019. The percentage of payments to balance…

Collections Technology Think Tank 3.1 review

10th February 2022 Arrears and Recoveries | #Think Tank

Credit Connect’s hosted its fourth Online Collections Technology Think Tank 3.1 last week which saw collections strategies and the impact of the pandemic discussed by fifteen collections professionals from a variety of industry sectors. The themes of collections risk, customer engagement, affordability, vulnerable customers and the future collections were discussed by panellists and Chair Vanessa…

Rent costs rise at fastest pace in 13 years

10th February 2022 Arrears and Recoveries | #rents

A quarterly survey of by property website Zoopla reveals that the cost of renting a property is rising at its fastest pace in 13 years with the average UK tenant facing a bill of nearly £1,000 a month. The UK’s average rental growth has reached a 13 year high, up 8.3% in Q4 2021, meaning…

TotallyMoney appoints Chief Marketing Officer

10th February 2022 Appointments | #appointment

TotallyMoney has announced that it has appointed Rebecca Shears as its new Chief Marketing Officer. Shears holds over 20 years’ experience in national and international marketing roles, working with global consumer brands including T-Mobile, HP and global fintech payments company OFX. More recently she was Global Chief Marketing Officer at BIMA, responsible for growing the…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.