28th September 2023 - Credit Connect

One in four concerned they won’t be able to pay their energy bills

28th September 2023 Consumer Collections | #energy

Latest data from, energy efficiency platform, Snugg has found that many people feel they are wasting money on energy bills because of their home’s poor energy efficiency. And while most would like to make their home more efficient, there is mass confusion over how and what help is available. The research found that 32% feel…

Three quarters of parents feel guilty about not saving more money for their kids

28th September 2023 Consumer Lending | #savings

Nearly three quarters (74%) of parents feel guilty they are not saving enough for their kids according to new research by leading financial mutual Scottish Friendly. A study of 1,000 parents found that nearly three quarters (74%) of parents admit to feeling guilty about their children’s savings. Nearly nine in ten (87%) worry about how…

Cost to borrow rises across credit cards and loans rises

28th September 2023 Consumer Lending | #credit cards and loans

The cost to borrow on credit cards and personal loan costs for new borrowing have jumped in recent months, according to analysis by Moneyfacts. Between the start of June and the start of September 2023 (Q3 2023), the average purchase APR (which includes card fees) rose to an all-time high of 31.8% APR, according to…

High-cost lending firm enters administration

28th September 2023 Alternative Consumer Lending |

Naylors Finance, a high-cost lending firm based in Yorkshire has entered into administration. Ed Boyle and Howard Smith of Interpath were appointed Joint Administrators. The firm is no longer lending. All existing loan agreements remain in place and the Joint Administrators will provide updates to customers as soon as possible. The firm’s administration does not…

Consumers taking steps to meet higher mortgage costs

28th September 2023 Arrears and Recoveries | #mortgages

Mortgage holders are taking new steps to manage their finances to cope with higher monthly payments and adapting their spending due to inflation, new KPMG research has found. Faced with either the immediate reality or prospect of higher mortgage rates, 1096 mortgage holders were asked whether they have either already taken, or are considering taking,…

Half of businesses have no plans to use AI

28th September 2023 Commercial Credit Management | #business AI

Research by the British Chambers of Commerce (BCC) has found that almost half of all firms (48%) have no plans to use Artificial intelligence (AI) technology. The research found that customer-facing businesses (B2C) are even less likely to use AI, with 58% stating they have no plans to use it, with pne in four respondents…

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