20th January 2023 - Credit Connect

Energy bills predicted to fall further later this year

20th January 2023 Consumer Collections | #energy bills

Energy consultancy Cornwall Insight has predicted that energy bills are expected to fall to about £2,200 from July. The decrease will mean that typical annual household energy bills will have fallen from £4,279 now to £3,208 from April, and then will ease to roughly £2,200 for the remainder of the year. The forecasts show prices…

Mobile and broadband customers face 14% bill increase in April

20th January 2023 Arrears and Recoveries | #broadband bill #mobile bills

Millions of broadband and mobile phone customers look set to face rises of more than 14% in their monthly bills from April. BT, TalkTalk, Three and Vodafone are among the big telecoms suppliers that are contractually allowed to increase their bills in line with the previous year’s inflation rate, as measured by the consumer prices…

Business confidence drops sharply as government cuts back support

20th January 2023 Commercial Credit Management | #business risk

A survey by the Association of Chartered Certified Accountants (ACCA) and the Corporate Finance Network reveals confidence among SMEs has fallen from 38% in summer last year to 17% now The number of SMEs who have plans for growth has plummeted from 38% in the summer of last year to just 17% with the Chancellor’s…

Octopus Energy energy tops customer ratings survey

20th January 2023 Arrears and Recoveries |

Octopus Energy has come top in Which?’s annual customer survey as the consumer champion calls on energy firms to do more to support consumers during the cost of living crisis. Over the last two years, the energy market has changed completely – gas prices have soared, millions of consumers have been transferred to a new…

Tenants pay as much as 43% of earnings to rent

20th January 2023 Arrears and Recoveries | #rental

Latest insight into the rental sector has revealed that the average tenant is paying 23.5% of their net earnings on the cost of renting, climbing as high as 42.8% in the nation’s least affordable pockets of the rental market according to research by Ocasa. The research shows that the average household earns £4,030 after tax…

Intrum appoints new President and CEO

20th January 2023 Company News |

The board of Directors of Intrum AB has appointed Andrés Rubio President and Chief Executive Officer (CEO) of Intrum. Rubio has a background from several management positions (including Cerberus, Apollo Management International and Altamira Asset Management) and was elected Board member of Intrum in 2019. Magnus Lindquist, Chairman of the Board of Intrum said “I…

Mortgage demand plummets

20th January 2023 Consumer Lending | #mortgages

Lenders believe that credit availability will decrease in the first quarter of this year, a new survey from the Bank of England (BoE) shows. The research found that mortgage demand plummeted in the wake of the mini-budget, and is expected to keep falling. Whilst the demand for credit cards and loans fell, and is expected…

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