Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in July 2022 by 2% compared with the same month in 2021. In the first seven months of 2022, new business remained 2% higher than in the same period in 2021. The…
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New figures released by the Finance & Leasing Association (FLA) has shown that consumer car finance new business volumes fell in July 2022 by 3% compared with the same month in 2021. However, the corresponding value of new business increased by 5% over the same period. In the first seven months of 2022, new business…
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New figures released by the Finance & Leasing Association (FLA) have indicated that consumer finance new business grew by 11% in July 2022 compared with the same month in 2021. In the first seven months of 2022, new business was 22% higher than in the same period in 2021. The credit card and personal loan…
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New figures released by the Finance & Leasing Association (FLA) have shown that second charge mortgage new business volumes grew by 29% in July. 2022. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA),…
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The energy price freeze still leaves low-income families facing a vast gap compared to last year as rising costs outstrip government support, new research by the Joseph Rowntree Foundation (JRF) has found. JRF estimates today’s announcement – that energy prices will be capped at £2,500 including the £400 energy bill rebate – is worth on…
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UK Finance has today published its Household Finance Review Q2 2022, which explores trends in household spending, saving and borrowing through the second quarter of 2022. Consumer spending remained stable in Q2 and house purchase activity returned to pre-Covid-19 trends, but data indicates that there are tough times ahead. Household savings remained stable but did not…
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Only 15% of The Bounce Bank Loan Scheme (BBLS) fraud has been investigated by the National Investigation Service in the past two years according to research by international law firm RPC. The Bounce Bank Loan Scheme, common to other COVID related support schemes, was heavily targeted by fraudsters. It was argued by the previous Government…
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International audit, tax and advisory firm, Mazars has appointed Rebecca Dacre as Office Managing Partner in Milton Keynes. Dacre who was promoted to Partner in 2021, has worked in Milton Keynes for over 15 years and is a well-known part of the city’s business community. A restructuring and insolvency expert, working across a wide range…
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Flexys has announced it has appointed of Marina Pastoriza to the role of Chief Revenue Officer. Pastoriza has twenty years of experience in sales and leadership roles in different geographies, providing solutions to banks and financial institutions. Over the duration of her career, she has helped organisations drive new business ventures in emerging markets and…
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