25th November 2022 - Credit Connect

Essex property developer banned for falsely claiming Bounce Back Loan

25th November 2022 Insolvency |

A director of Brentwood property development company has been disqualified by the Insolvency Service for 11 years after overstating his company’s turnover in order to claim £50,000 that the business was not entitled to. Anthony Killarney, from Brentwood, has been given an 11-year ban for falsely claiming a £50,000 Bounce Back Loan for his property…

Overdue invoices in Scotland hit 2022 high

25th November 2022 Commercial Collections and Recoveries | #late payment

The number of overdue invoices in Scotland has reached its highest level for this year, according to new research insolvency and restructuring trade body R3. R3’s analysis of data provided by Creditsafe shows the number of invoices in Scotland that have gone past their payment deadline rose to 593,114 in October – the highest recorded…

More than half of homeowners are worried about climate crisis

25th November 2022 Consumer Collections |

More than half of homeowners are worried about climate crisis according to new research by Hodge Bank. The research found that 62% claim to understand benefits of retrofitting their homes to improve energy efficiency, and 42% rate it as a priority, whilst more than half of British householders (52%) are worried about the climate crisis.…

Surging costs causing consumers to cut back on sustainable choices

25th November 2022 Consumer Collections |

Intrum’s annual European Consumer Payment Report (ECPR) has indicated a gloomy picture of consumers’ financial wellbeing and economic outlook. With rapidly increasing costs of living, consumers are cutting back on sustainable goods and services to manage their household finances. The ECPR surveyed 24,000 European consumers on payment behaviour and the economic outlook, shows that record…

Mortgage lending increases 11%

25th November 2022 Consumer Lending | #mortgage lending

Latest figures from the Building Societies Association (BSA) have shown that mortgage lending by building societies in the third quarter of the year was up 11% compared to Q2 despite the worsening outlook for the economy, and squeeze on household incomes. The number of approvals were however down 9%. Gross lending was also up by…

View from the Chair: Credit & Collections Technology Think Tank round up

25th November 2022 Industry opinion |

It is always great to be at these events and is especially refreshing when there are new topics to cover. This year was no different and being the day of the autumn statement there was definitely some nervous anticipation about what it may bring. In the end, the chancellor’s statement was well-briefed and largely as…

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