22nd March 2023 - Credit Connect

Citizens Advice calls for regulation of bailiffs to be put on a statutory footing

22nd March 2023 Consumer Collections | #enforcement regulation

Research by Citizens Advice has suggested that bailiffs are breaking the rules on a massive scale and raking in huge fees, all while driving people into deeper hardship. The charity says that it is raising the alarm over bailiff behaviour, as its latest cost of living survey found one in four people (27%) have fallen…

Energy price increases remain top threat to businesses

22nd March 2023 Business Utilities | #business energy prices

New research by Dun & Bradstreet has found that almost half (43%) of global business leaders see energy price increases as their biggest challenge this year, despite Western countries’ best efforts to impose energy spend caps over the winter months and control inflation. Dun & Bradstreet which surveyed 3,396 business leaders across 18 countries revealed…

More than 782,000 Scottish people expect to increase credit card use

22nd March 2023 Company News | #credit cards

Over 782,000 adults in Scotland expect to see their credit card use increase during the cost of living crisis according to new analysis from Citizens Advice Scotland (CAS). The research found that an estimated 782,529 adults in Scotland expect to increase their credit card use. Previous research from the charity found that close to half…

StepChange announces new CEO appointment

22nd March 2023 Appointments |

Debt charity StepChange has announced that current Director of Operations, Vikki Brownridge, will become the new Chief Executive Officer (CEO) on 1st May 2023, taking over from Phil Andrew who leaves the charity after more than five years in post. Brownridge is the first woman to become Chief Executive of the charity and takes up…

Parents more worried about adult children’s financial predicament than their own

22nd March 2023 Consumer Collections |

The increase in the cost of living is being felt by almost every household, however a survey of financial advisers by Royal London has highlighted that their clients are more worried about their adult children’s financial predicament than their own, according to over half (55%) of respondents. While around half (53%) of advisers report that…

Credit affordability decisioning tool launches

22nd March 2023 Company News | #open banking

A new credit decisioning tool, Fuse by Pave, has launched which claims it can offer lenders 97% accuracy in affordability tests, clearer insights into consumer affordability, reduced rate of defaulted loans, and improvements to borrower outcomes. In addition to improved accuracy in affordability testing, which uses Open Banking technology it also offers lenders personalised insights…

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