19th July 2022 - Credit Connect

Nearly 600,000 consumers paying less credit card interest following FCA intervention

19th July 2022 Arrears and Recoveries | #FCA regulation

Nearly 600,000 people are now paying less in interest and charges on their credit card debt because of changes made by the Financial Conduct Authority (FCA) according to its Annual Report. In the report the reulator has set out how it has worked over the past 12 months to meet its objectives of protecting consumers,…

193,000 companies in bounce back loan arrears

19th July 2022 Commercial Collections and Recoveries | #business loans

Almost 200,000 small businesses have fallen into arrears on their bounce-back loan repayments. Data from the British Business Bank (request by Purbeck Personal Guarantee Insurance) found that the company administering the Bounce Back Loan Scheme (BBLS), shows that 193,000 firms had failed to meet their repayment terms at the end of June. The figures represent…

One in five SMEs scaling back investment plans

19th July 2022 Commercial Credit Management | #business risk

Scaling back investment will have a wider economic impact, warns Time Finance as new data shows that businesses are making huge sacrifices due to rising costs, with one in five unable to invest in growing their business. As part of a survey to expose the extent of challenges currently facing businesses, Time Finance also found…

Value of business lending jumps £12bn in 9 months

19th July 2022 Alternative Business Lending | #business lending

The total value of lending to businesses has risen by £12 billion to £533 billion (in the 9 months to the end May 2022) as banks increase their lending following a sharp fall at the end of the CBILS and BBLS schemes according to research by ACP Altenburg Advisory. The research found that the rise…

Over a third of parents worried about their finances suffering in the summer holidays

19th July 2022 Arrears and Recoveries | #cost of living

Soaring energy costs and rising food and fuel prices are set to put an extra burden on families’ budgets over the school holidays, which begin this week with more parents being forced to turn to borrowing to make ends meet over the summer according to new research by Ste[Change. The research shows that parents are…

Cost of living crisis drives consumers to rethink connectivity needs

19th July 2022 Arrears and Recoveries |

Following a digital home boom established during Covid-19 pandemic lockdowns, consumers are retreating on connectivity and content needs as they prioritise financial and mental well-being. This is according to the latest EY Decoding the digital home study, which surveyed more than 2,500 households in the UK to analyse how the cost-of-living crisis has impacted consumer…

CSA announce headline sponsor for UKCCC

19th July 2022 Company News |

The Credit Service Association (CSA) has announced that Webio will be the headline sponsor for the association’s annual UK Credit and Collections Conference (UKCCC) which will be held in Manchester on Thursday 15th September. Commenting on the sponsorship agreement, Mark Opperman, Co-founder of Webio said “We’re delighted to be sponsoring this year’s UKCCC event and…

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.