28th April 2023 - Credit Connect

Two-fifths of 35 to 44-year-olds have had to borrow to make ends meet

28th April 2023 Arrears and Recoveries | #borrowing #consumer debt

A study by the Resolution Foundation think-tank almost two-fifths of 35 to 44-year-olds have had to borrow to make ends meet amid the cost-of-living crisis. The research found that 37% of people in the age bracket relied on formal lending, such as credit cards, overdrafts or loans in March. This was more than double the…

Consumers battle to manage credit card finances

28th April 2023 Arrears and Recoveries | #credit card spending

Latest data from FICO on UK credit card trends has illustrated the financial balancing act many consumers are facing. Average card spend has increased month-on-month and year-on-year. Higher prices for day-to-day purchases will be reflected in this increase. UK consumers are also paying off less of their outstanding balance, indicating the squeeze on personal budgets.…

Insolvency and restructuring trade body R3 appoints new President

28th April 2023 Appointments | #appointments

Nicky Fisher, Partner at Herron Fisher, has been appointed President of R3, the insolvency and restructuring trade body. Fisher will work with R3’s CEO and senior management team to help shape and deliver R3’s strategy for the next 12 months, as well as supporting its day-to-day operations. Fisher takes on the role amid an extremely…

Business confidence climbs

28th April 2023 Commercial Credit Management | #business confidence

Business confidence has reached the highest level since May 2022, according to the latest monthly sentiment index by Lloyds Bank. Confidence reached 33% in April, marking a slight increase from 32% recorded in March. The survey of 1,200 businesses found that overall economic optimism rose by five points to 28%, which is also close to…

OneID appoints Chief Executive Officer

28th April 2023 Appointments |

Identity service provider, OneID has announced the appointment of Paula Sussex as Chief Executive Officer (CEO) who will lead the firm through its next period of expansion. Most recently Sussex was CEO for the Student Loans Company (SLC), a government-owned company that manages a loan book of some £200 billion and supports some 6 million…

Arrow Global acquires Eagle Street

28th April 2023 Company News |

Arrow Global has announced its acquisition of Eagle Street Partners, a real estate asset manager and developer focused primarily on the UK and Ireland. This acquisition will support one of Arrow Global’s core investment strategies, which alongside Direct Lending and Opportunistic Credit, focuses on European Real Estate. Eagle Street’s experienced team is led by Co-Founder…

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