21st September 2022 - Credit Connect

Government outlines plans to help cut energy bills for businesses – industry reaction

21st September 2022 Business Utilities | #business energy

The Government has announced a new scheme that will see energy prices for non-domestic energy customers such as businesses, charities and public sector organisations cut – protecting them from rising energy costs. Through a new Government Energy Bill Relief Scheme, the Government will provide a discount on wholesale gas and electricity prices for all non-domestic…

Credit Union enters administration

21st September 2022 Alternative Consumer Lending |

Gloucestershire Credit Union Limited has been placed into administration and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators. Gloucestershire Credit Union is a financial co-operative owned by its members. It is regulated as a deposit taker by the Prudential Regulation Authority…

FCA warns of debt write off scams

21st September 2022 Consumer Lending |

The Financial Conduct Authority (FCA) has warned that unauthorised claims management firms are targeting consumers with ‘write-off debt’ schemes which could leave them paying fees even if they’re unsuccessful. The unauthorised claims management services say they can write off debts but often charge fees to do so, even when the scheme fails. These firms offer…

2.2m homeowners set for 0.75% interest rate shock

21st September 2022 Consumer Lending | #mortgage rate rise

2.2 million homeowners are set for 0.75% interest rate shock with the Bank of England set to announce the rate increase this Thursday (23rd September). TotallyMoney and Moneycomms have calculated the potential impact of the MPC’s expected interest rate hike on homeowners without a fixed rate mortgage deal. The research has found that for the…

One in three mortgage customers fear unaffordable repayments due to rate hikes

21st September 2022 Arrears and Recoveries | #mortgage repayments

One in three mortgage customers say that rising interest rates mean they cannot afford their repayments, new research commissioned by Butterfield Mortgages has found. The independent survey of 2,000 UK adults found that a third (33%) of mortgage holders believe the interest rate hikes over the past year have made their mortgage repayments unaffordable. Among…

One in five adults behind on one or more household bill

21st September 2022 Arrears and Recoveries | #arrears

One-fifth of UK adults are already behind on one or more household bill, and one in nine have gone without food as a result of rising costs, according to new research from the Money Advice Trust. While the government’s Energy Price Guarantee removes the risk of energy bills climbing even further, the charity, which runs…

Computershare Loan Services and DPS announce renewal of national youth homelessness charity support

21st September 2022 Company News |

Computershare Loan Services and The Deposit Protection Service (The DPS) have awarded £40,000 to national youth homelessness charity Depaul UK for the second year running. The organisations said the donation would help the charity continue to tackle the root causes of homelessness and improve financial wellbeing among young people aged 16-25. Nicola Harwood, Director of…

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