Credit, Collections & Insolvency News
The Treasury has published new guidelines for the provision of cash. The new rules will require banks to provide facilities for making deposits and withdrawals within a three-mile radius of retail customers and businesses. The government statement has set the minimum expectations on banks to protect services for people and businesses wanting to withdraw or…
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Annual energy bills for a typical household are expected to fall at least £150 from October, according to new figures from Cornwall Insight. The research suggests that he energy price cap will drop to £1,925 when announced by regulator Ofgem next week, down from £2,074 for the current period, from July to September. Dr Craig…
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Research from credit management company Lowell, has discovered that over three-quarters of students (77%) develop personal debt problems while at university. But, are students educated on the potential consequences of short-term borrowing? The average annual percentage rate (APR) on a payday loan (a short-term loan) could be up to 1,500% – compared to a typical…
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Stockport Credit Union has announced that John Haslam has been appointed as its new Chief Executive Officer (CEO). Stockport Credit Union has been serving its residents since its inception in 1989 and is nearing 5000 members – an annually increasing figure highlighted in their 2022 Annual General Meeting. The credit union also has many payroll…
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Private landlords are more than twice as likely to sell properties than they are to purchase them, according to new research by the National Residential Landlords Association (NRLA) The research for Q2 2023 showed that over one in ten (12%) of landlords in England and Wales sold properties. In contrast, only 5 per cent purchased…
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