Credit, Collections & Insolvency News
Bevan Money, the lender due to launch later this year, has announced it has appointed Brian Brodie as Chief Executive. Brodie joins the firm from Freedom Finance, where he worked for eight years as Group Chief Executive and most recently as Chair. He has also worked as a senior advisor at Pollen Street Capital…
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Home insurance premiums increased by nearly a third (32%) in the final three months of 2023 compared to the same period in 2022, according to new research from Compare the Market. The average home insurance premiums in the UK jumped by £47 from £146 in the fourth quarter of 2022 to £193 in 2023. All…
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A company which tricked people into signing up for monthly direct debits has been shut down following an investigation by the Insolvency Service. Paragrim Ltd, trading under the Mediacraze.net website, deliberately misled consumers into providing bank details for what they assumed were everyday online purchases, such as car parking or television streaming services. But after…
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Latest GDP figures has indicated that the UK ended 2023 in recession. The figures showed that GDP fell 0.1% in December, following a 0.2% rise in November. GDP was down 0.3% over the three months to the end of December, a second consecutive quarter of negative growth, pushing the UK into a technical recession. The fall reflects…
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Latest GDP figures has indicated that the UK ended 2023 in recession. The figures showed that GDP fell 0.1% in December, following a 0.2% rise in November. GDP was down 0.3% over the three months to the end of December, a second consecutive quarter of negative growth, pushing the UK into a technical recession. The fall reflects…
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The Government’s Annual Fuel poverty statistics for 2023 has indicated that there were an estimated 13 per cent of households (3.17 million) in fuel poverty in England under the Low Income Low Energy Efficiency (LILEE) metric, effectively unchanged from 13.1 per cent in 2022 (3.18 million) The aggregate fuel poverty gap for England in 2023…
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Trustfolio has named Coventry City Council as the latest Local Authority to sign up to its Creditor Debt Solutions Platform. Trustfolio’s platform provides creditor teams in organisations from Local Authorities to financial services firms with a single view of debt portfolios, allowing them to automate many of their manual processes without compromising on quality or…
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