Credit, Collections & Insolvency News
Millions of eligible householders are not receiving financial support that is available through their water company due to low awareness, according to the Consumer Council for Water (CCW). The water watchdog has urged low-income households are not to miss out on financial support from their water company to help absorb the impact of looming energy…
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The rising cost of living is the main financial concern for there quarters of people (73%) over 50 according to new research by SunLife, rising to 78% for women. The research found that only 18% of retirees and 9% of non-retirees are free from money worries in 2023. After the rising cost of living, people…
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Conversational AI specialists, Webio has announced that its Board of Directors has appointed David Gagie as Chairperson, effective immediately. Gagie brings an invaluable wealth of global expertise spanning banking, payments, credit and risk management. His tenure as a Senior Advisor on regulatory conduct issues at the Financial Conduct Authority and the Payments Systems Regulator underscores…
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The latest Business Finance Review by UK Finance has revealed a 20% year-on-year drop in lending to SMEs. UK Finance’s latest data shows £3.5 billion was lent to SMEs in the Quarter 3 (Q3) of 2023 compared to £4.4 billion in the same period last year. This represents the fifth consecutive quarterly fall, while gross…
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New research published today by the Money and Mental Health Policy Institute is urgently calling on the government to introduce clear rules to stop lenders inundating people with letters, calls, texts and emails about missed payments. Money and Mental Health says this is causing unnecessary distress at at time when 50% of people who are behind…
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The UK economy shrank by 0.3 per cent between September and October, according to new data from the Office for National Statistics (ONS). Economists had expected a fall of just 0.1 per cent after the economy grew by 0.2 per cent in September. The services, construction and manufacturing sectors all contracted and household spending has…
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Fraud prevention service, Cifas has been awarded gold accreditation by Investors in People. Investors in People (IIP) is the international standard for people management, recognising organisations that work to improve performance and realise objectives through the management and development of its people. Through accreditation, it highlights organisations that go above and beyond to create…
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