Credit, Collections & Insolvency News
A third of people have poor or very poor debt resilience according to new analysis by HL Savings & Resilience Barometer. The research also found that higher earners are more likely to score poorly for debt resilience than lower earners. 38% of those in the fourth quintile (who earn more than three fifths of the…
Read more
Small businesses on fixed rate energy deals face a surge in their bills when the Government’s current Energy Bill Relief Scheme ends. As of April, a cap on the price of gas and electricity will be replaced by a new scheme which offers a much less generous discount on energy bills. The Government has set…
Read more
Two thirds (63%) of households resorted to credit cards, loans and overdrafts to cover Christmas costs in 2022 according to new research by Credit Karma. A total post-Christmas balance of £9.8 billion has prompted concern around managing repayments, as rising levels of borrowing coincide with higher household expenses for necessities, from groceries to heating and…
Read more
More than half of small businesses are looking to use finance to achieve growth in the coming year (53%) according to new research from Novuna Business Finance. The figures indicate that this is up from 49% this time last year, with hiring new staff found to be the activity most likely to be reliant on…
Read more
Specialist lender Together has tannounced the appointment of financial services expert Martin Souter as its Commercial Credit and Risk Director. Souter will be responsible for overseeing credit risk, leading the corporate underwriting, portfolio and risk management teams. He will be ensuring that Together’s Commercial team continues to operate smoothly and achieve the best outcomes for…
Read more