22nd May 2023 - Credit Connect

How the role of sales in credit and debt management has evolved

22nd May 2023 Industry opinion |

Does the sales ‘Big Hitter’ really work in this procurement-led environment? In the current marketplace, it could be said that the traditional role of the Sales ‘Big Hitter’ is becoming less relevant in today’s procurement-led environment. Building relationships and making connections with prospective clients still remains an important element, but over recent times more and…

One in six private renters are relying on credit to make ends meet

22nd May 2023 Arrears and Recoveries | #rent arrears

A new report from StepChange Debt Charity has revealed that the private rental market is unable to meet the needs of financially vulnerable tenants, with one in six private renters (1.2m people) relying on credit to make ends meet. The charity welcomed last week’s Renters (Reform) Bill, but says it does not go far enough…

Food prices predicted to overtake energy in driving inflation

22nd May 2023 Consumer Collections | #uk economy

The rising cost of food will overtake the price of energy as the driving force behind inflation over the summer, hitting poorer households the hardest, according to a forecast by the Resolution Foundation. The Foundation says that the cost of living crisis is often thought of as a cost of energy crisis. That is an…

Over a third of adults say that maths makes them feel anxious

22nd May 2023 Consumer Collections |

Over a third of adults (35 per cent) say that doing maths makes them feel anxious, while one in five (20 per cent) are so fearful it even makes them feel physically sick, according to new research from KPMG UK and the charity National Numeracy. The study of 3,000 UK adults found that numeracy gives…

Mortgage bills to rise as fixed terms end

22nd May 2023 Consumer Lending | #mortgages

Around 116,000 households will soon see the cost of their mortgage jump, with Financial Conduct Authority (FCA) data showing that their fixed-rate deals will come to an end this month. The FCA says that if they do not secure a new deal and move on to their lender’s standard variable rate, they could face an…

Time Finance appoints Invoice Finance BDM

22nd May 2023 Appointments |

Time Finance has announced the appointment of Thomas Ludden as Business Development Manager (BDM) in its Invoice Finance team. Ludden joins the alternative finance provider with over 14 years’ experience in Invoice Finance. He enjoyed roles in both client services and business development at Bibby Financial Services, before moving to Giant Pay (Outsauce) whereby he…

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