Credit, Collections & Insolvency News
Almost one in five motorists (18%) are no longer “brimming” their tank when they fill up with petrol or diesel thanks to rising mortgage and rent costs according to research by Startline. The impact of high housing expenditure on personal finances also means 12% have stopped using their car altogether while 10% want to swap…
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Using a credit card to withdraw money from an ATM (cash advance) comes with costly charges and higher interest rates. They can also impact one’s ability to borrow in future new research from TotallyMoney has found. Most big lenders charge interest rates close to 30%, with additional charges of up to 5%, or a minimum…
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The latest Business Trends report from the accounting firm BDO reveals a fall in business confidence last month. Higher interest rates, weak global demand and a slowing UK economy all contributed to the first fall in hiring intentions in six months. BDO’s Employment Index fell for the first time in six months as businesses reduced…
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Business outsourcing specialist Sigma Connected’s Management has committed to a monthly £1,000 donation to Birmingham Children’s Hospital for the next 12 months. The company has pledged the four-figure monthly sum for the hospital’s iMRI appeal, which is aiming to raise £1.5 million to invest into new brain surgery technology. The monthly pledge from the company…
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The Association of Short Term Lenders (ASTL) Bridging Mortgage loan books continued to grow in Q2 2023, increasing by more than 5% to an all-time high of just over £7.1bn. This is following the latest data collection information provided by its member lenders. The figures, compiled by auditors from data provided by members of the…
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