Credit, Collections & Insolvency News
Analysis from Freedom Finance has found that the retail store and online credit sector experienced its fastest ever start to a year in 2022 and looks set to reach further highs this year, Monthly updates from consumer finance trade body, the Finance & Leasing Association (FLA), show that new business volumes reached £2,120 million in…
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The number of housebuilders going bust surged to a record quarterly high in Q1 2022 (117), jeopardising the much-needed supply of new homes, according to data obtained by Price Bailey. According to data obtained from the Insolvency Service under the Freedom of Information Act, a record 360 housebuilders went bust in 2021/22 (year ending 31st…
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New forecasts from Cornwall Insight are predicting that typical gas and electricity bills in England, Wales and Scotland could reach £3,363 in the new year. The figures have increased significantly from the £3,003 figure forecasted two weeks ago. Predictions for the Q4 2022 (Oct-Dec) Cap, have also seen a steep increase, and now sit at…
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Ofgem has appointed Octopus Energy to take on supplying UKEIH’s 3000 domestic customers following a competitive process run by Ofgem to get the best deal possible for customers. Funds that current and former domestic customers of the supplier have paid into their accounts will be protected, where they are in credit. Domestic customers will also…
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Interpath Advisory has announced the appointment of two new directors to its Debt Advisory and Transaction Services teams as it continues to build out and grow its suite of advisory services. Louise O’Sullivan joins Interpath with over 14 years’ of banking and advisory experience. Prior to joining Interpath, she spent seven years in PwC’s debt…
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Two in five need an inheritance to pay for retirement according to research by Opinium for Hargreaves Lansdown. The research found that more than one in four people expect an inheritance or have already received one (29%). Two in five people who expect to inherit say they need the money to fund their retirement (38%).…
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Specialist data supplier, MorganAsh has announced a new partnership with Infiinian. Its new partner, Infinian, is a provider of lending insights and data analytics for the consumer finance sector. The new partnership will mean that financial services firms will be able to gain a better understanding of the characteristics of individual customers, so that they…
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CoCredo celebrated its 20th Anniversary celebrations this month as the current team, and a few old familiar faces, came together at Missenden Abbey to raise a glass to the company reference company. CoCredo is a specialist in providing online company credit reports and related business information within the UK and overseas. Reminiscing about the past…
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