Credit, Collections & Insolvency News
UK trade body for debt collection and purchase industry, the Credit Services Association (CSA) launched a new online training module on the consumer duty. The new course will be developed by CSA Learning, offers users an interactive and accessible learning resource to assist with their understanding of the consumer duty and how it can be…
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Welsh firms had more than 495,000 overdue invoices on their books this winter, new research from insolvency and restructuring trade body R3 has revealed. R3’s analysis of data provided by Creditsafe shows 495,843 invoices were overdue in Wales over the winter months – with 171,798 in December, 162,185 in January and 161,860 in February. Over…
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Here is an overview of The Money Charity’s latest statistics for March 2023 Personal debt in the UK People in the UK owed £1,837.4 billion at the end of January 2023. The average total debt per household, including mortgages, was £65,434 and per adult was £34,546, around 105.2% of average earnings. Net mortgage lending rose by…
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Research by Nucleus Commercial Finance has found that most SMEs find the current cost-of-living crisis more of a burden than the pandemic lockdowns. The research found that around two-thirds of those surveyed said the current cost-of-living crisis is proving more of a burden on their business than the pandemic lockdowns, with nearly 70 per cent…
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Digital retailer and financial services provider The Very Group, has announced that it has extended its embedded marketplace partnership with Freedom Finance for a further three years. Through its proprietary lending technology, Freedom Finance will provide The Very Group’s 4.4 million customers with access to unsecured personal loans. Using soft search technology and advanced matching,…
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