21st December 2023 - Credit Connect

Fraudulent e-commerce transactions 117% higher during the holidays

21st December 2023 Consumer Lending | #fraud

New research by TransUnion has found that suspected fraudulent e-commerce transactions are 117% higher during the holidays compared to the rest of the year. The analysis reviewed e-commerce transactions throughout the Cyber Five days, spanning from the Thursday before Black Friday, 23 November to Cyber Monday, 27 November 2023. For consumers located in the UK…

Energy price cap predicted to fall by 14% in April

21st December 2023 Consumer Collections | #energy price cap

Forecasts for the April 2024 Default Tariff Cap (price cap) show a fall of 14% in the second quarter of the year, with a typical dual fuel consumer expected to pay £1,660 per annum, a £268 decrease from January bills of £1,928 according to Cornwall Insights. The trend is currently expected to persist throughout the year,…

Economic data ends year on a high

21st December 2023 Commercial Credit Management | #economy

A year of poor economic data ended on a high as CPI inflation fell by more than markets expected to 3.9 per cent in November – its lowest level since September 2021. But while inflation should continue to fall next year, there are likely to be bumps in the road, reminding us all that cost-of-living…

Financial Ombudsman Service moves to introduce fees for Claims Management Companies

21st December 2023 Consumer Lending | #complaints

Complaints to the Financial Ombudsman Service (FOS) about motor finance more than doubled in the three months to September. The increase was primarily driven by professional representatives, sometimes known as claims management companies. However, the upheld cases emanating from such organisations were particularly low. Across all areas of complaints, FoS has reported that more than half…

A challenging cost of living Christmas

21st December 2023 Industry opinion |

In the months and weeks leading up to the end of 2023, the UK’s financial numbers give an overview of the difficult landscape being faced and the effects this may have on many people’s Christmas spending plans. According to the Office for Budget Responsibility’s November 2023 forecast, household debt of all types is forecast to…

Money Statistics: December 2023

21st December 2023 Arrears and Recoveries | #money statistics

Here is an overview of The Money Charity’s latest statistics for December 2023 Personal debt in the UK People in the UK owed £1,846.5 billion at the end of October 2023. The average total debt per household, including mortgages, was £65,756 and per adult was £34,716, around 100.7% of average earnings. Net mortgage lending increased by…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.