Over half of consumers have been targeted by fraud

23rd November 2022 Consumer Lending | #fraud

The number of people searching online for ‘Fraud prevention’ has increased 22% this month. With a 17% increase in fraudulent activity year on year, there are more and more ways of becoming a victim of fraud according to analysis by credit management company Lowell. With millions of consumers being affected by the current energy crisis…

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More than a million first-time buyers plans on hold

23rd November 2022 Consumer Lending | #house

A new survey from Aviva has revealed more than a million people under 45 could rule themselves out of the first-time buyer market, due to cost of living pressures. The survey, focused on under 45s who have never owned a property, identified that just under half (46%) of those asked were not currently house-hunting, but…

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Customers missing one credit card payment increases by 8.3%

23rd November 2022 Arrears and Recoveries | #credit cards

Latest to research from FICO has found that the number of customers missing one payment increased by 8.3 percent compared to August and 9.1 percent year on year. The research also found that average total sales were £775, 4.56 per cent lower than August. The average active balance also dropped in September to £1,595 –…

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