Credit, Collections & Insolvency News
Holiday fraudsters conned UK consumers out of more than £15 million in 2022, twice as much as the year before according to new research by Action Fraud Action Fraud said there had been a surge in the number of people being conned into paying for fake flights and accommodation bookings as more people sought cheaper…
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Latest UK Finance data has reported a 50% increase in home repossessions in Quarter 1 (Q1) 2023, with over 1,000 homes taken into repossession due to homeowners struggling to keep up with mortgage repayments. In addition to the 750 mortgaged properties repossessed, 50 per cent greater than in the previous quarter. 410 buy-to-let mortgaged properties…
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New data from Experian finds that the average adult will wait until they have debt totalling £7,835 before seeking help, with one fifth of the nation (20%) saying they wouldn’t look for any support at all if they owed money. To support people who are finding money conversations difficult, Experian is partnering with Citizens Advice…
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New data from HyperJar, has found that one in ten adults admit to failing to budget sufficiently for their first holiday and fell into debt as a result. Cost of living costs rises hasn’t deterred holidaymakers from planning getaways this summer. EasyJet has reported that planned flights are up 8% on pre-pandemic levels. In light…
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Credit reference agency, TransUnion has announced it has appointed James Robinson as Managing Director (MD) of Consumer Interactive in the UK. As part of the UK executive team, Robinson will lead TransUnion’s regional consumer business, helping businesses to deliver streamlined customer journeys and supporting financial inclusion through credit education and consumer empowerment. Having joined TransUnion…
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