20th November 2023 - Credit Connect

Asset finance grew by 6% in September

20th November 2023 Asset Finance | #asset finance

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in September 2023 by 6% compared with the same month in 2022. In the nine months to September 2023, new business was 14% higher than in the same period in 2022. The…

Car finance lending fell by 3% in September

20th November 2023 Consumer Lending | #car finance

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell by 3% in September 2023 compared with the same month in 2022. The corresponding value of new business held steady over the same period. In the nine months to September 2023, new business volumes were 6%…

Consumer finance fell by 3% in September

20th November 2023 Consumer Lending | #consumer lending

Latest data by the Finance & Leasing Association (FLA) has shown that consumer finance new business fell in September 2023 by 3% compared with the same month in 2022. In the nine months to September 2023, new business also remained 3% lower than in the same period in 2022. The retail store and online credit…

Second charge mortgage new business volumes fall by 22%

20th November 2023 Consumer Collections |

New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes has shown that Second charge mortgage new business volumes fell by 22% in September 2023. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and…

FLA Board appoints two new board directors

20th November 2023 Appointments |

The Finance & Leasing Association (FLA) has announced that it has appointed two new board director Emma Powell, Chief Risk and Compliance Officer at Admiral Money, and Lee Rhodes, Commercial Director at Aldermore Bank join the board. With more than 18 years’ experience in financial services, Powell’s impressive credentials span a number of senior leadership…

Morses Club enters administration

20th November 2023 Alternative Consumer Lending | #lender administration

Morses Club and sister company Shelby Finance have entered into administration. The two companies provided short-term consumer loans, with Morses Club providing home collect credit and Shelby Finance providing loans online under the ‘Dot Dot Loans’ brand. Ed Boyle and Rob Spence from Interpath Advisory have appointed joint administrators. The Companies have been under sustained…

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