24th November 2022 - Credit Connect

CIVEA calls for ECB to uphold standards and support vulnerable

24th November 2022 Consumer Collections | #enforcement

After two years of detailed work, the Civil Enforcement Association (CIVEA) has welcomed the launch of a ground-breaking oversight body for the civil enforcement industry. CIVEA is the principal trade association that represents the civil enforcement industry in England and Wales and was instrumental in designing the blueprint for the independent Enforcement Conduct Board (ECB).…

Morses Club announces sizeable losses

24th November 2022 Company News |

Sub-prime lender, Morses Club has announced major losses in the past six month The firms finances fell to a loss of almost £21 million for the period, against a profit of £1.8 million last year. The lender announced that it has been forced to “take steps” to constrain lending in key areas despite its existing…

Energy price cap to increase to £4,279

24th November 2022 Consumer Collections | #energy

Energy regulator Ofgem has announced its quarterly update to the energy price cap for the period 1st January – 31st March 2023. The price cap is set to rise to an annual level of £4,279 in January 2023, but bill-payers remain protected under the government’s Energy Price Guarantee (EPG). The energy price cap level indicates…

Time Finance appoints Invoice Finance Business Development Manager

24th November 2022 Appointments |

Time Finance has announced that it has appointed Jake Smedley as Business Development Manager in its Invoice Finance team. Smedley joins the firm with a background in corporate insolvency and alternative finance, having spent the last six years supporting businesses through recovery and turnaround plans in addition to helping them to seek finance solutions for…

Consumers paying cost for digital identity fraud failure

24th November 2022 Consumer Lending | #fraud

With UK Finance announcing that ‘the level of fraud in the UK is such that it must be considered a national security threat’ independent research by GBG has found that two in three (66%) people in the UK, nearly 36 million consumers, think that businesses are cutting corners when it comes to protecting them from fraud by failing to…

One in four small firms plan to close or restructure if energy bills relief ends

24th November 2022 Commercial Credit Management | #insolvencies

Small firms’ survival during the ongoing energy price crisis will depend on continued government support through Energy Bill Relief Scheme (EBRS) beyond March 2023, according to a new Federation of Small Business (FSB) energy survey. The survey, which measured the impact of the energy price crisis on small businesses, shows small firms await with both hope and…

Christmas spending set to fall by £12.5bn this year

24th November 2022 Customer Insight and Analytics |

New research by LifeSearch Health has found that Christmas spending is set to fall by £12.5 billion this year. The research found that women look set to make the biggest Christmas cut-backs this year, totalling £7.3 billion (£310 per head on average vs £266 by men), reflecting the struggles of the cost-of-living crisis. One in…

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