23rd February 2022 - Credit Connect

Creditfix announces changes to third-party debt packagers firm relations

23rd February 2022 Consumer Collections | #personal insolvency

Personal insolvency provider Creditfix has announced changes to how it works with third-party debt packager firms. The move, which will see the company introduce a flat rate to external providers, comes in a proactive response to industry calls for tighter regulation around external sources and to further ensure that customers seeking debt advice get the…

Mortgages to older borrowers increased to £28.1bn in 2021

23rd February 2022 Consumer Lending | #mortgages

New figures from UK Finance has indicated the highest annual volume, and value, of mortgages to borrowers aged over 55 since 2014 occurred last year, according to UK Finance’s latest later life mortgage lending report. The report found that there were 187,120 new mortgages to borrowers aged 55 years and over completed during 2021, totalling…

60% of BNPL customers are worried about impact on their credit score

23rd February 2022 Alternative Consumer Lending | #Buy now pay later

A new survey from UK fintech Pave shows the vast majority of Buy Now Pay Later (BNPL) customers are unclear about the impact of BNPL on their credit scores, leading to the majority of customers to say they were worried about its impact. The research found that 78% of respondents (18-44) who have used Buy…

Data quality and management helped businesses navigate the pandemic

23rd February 2022 Commercial Credit Management |

New research from Experian has revealed that better data management and data quality helped businesses to navigate the Covid-19 pandemic, bringing them closer to customers. The annual Global Data Management report, which surveyed 905 data practitioners and data-driven business leaders worldwide, found the majority (75%) of businesses who have improved their data quality in the…

Arrow Ireland appoints Chief Operating Officer and Head of Internal Audit

23rd February 2022 Appointments | #appointments

European investor and alternative asset manager in credit and real estate Arrow Global has announced the appointment of Fiona O’Sullivan, Head of Internal Audit, and Martin Dowdall, Chief Operating Officer, to Dublin-headquartered Mars Capital Finance. Joining Mars Capital’s Irish senior leadership team, O’Sullivan brings over 10 years’ experience as a Chartered Accountant across Practice, External…

Lockdown doubled risk of mental distress

23rd February 2022 Consumer Collections | #mental health

Adolescents aged 17-19 years old with previous mental health issues were 100% more likely to have suffered further mental distress as a result of the Covid-19 lockdown, according to new research by the University of Roehampton. The study, conducted during the UK’s first national lockdown in response to Covid-19, comprised nearly 1,000 adolescents from the…

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