Credit, Collections & Insolvency News
Latest data from the Bank of England has shown that consumer credit rose more than expected to £1.9 billion in January, up 8.9% from £1.3 billion on the previous month, adding to signs of a revival in spending. The data also shows a rise in mortgage approvals, rising to their highest level for 15 months…
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Business insolvencies in the UK could increase by 10% this year, according to research by Allianz. The insurer’s global insolvency outlook revealed that 15% of small and medium-sized businesses in the UK are at risk of going bust, the highest proportion in Europe. This is compared to 14% in France, 9% in Italy, and 7%…
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New Lloyds Bank data shows that impersonation scams have risen 13% over the past year. An impersonation scam is where a fraudster convinces their victim to make a payment, or give personal or financial details, by pretending to be someone else. Scammers frequently impersonate police officers, bank staff and HMRC, although they may also pretend…
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Metro Bank has announced that Marc Page has been appointed to the role of Chief Financial Officer (CFO). Page will join Metro Bank on 2nd September 2024, subject to regulatory approval. Page has more than 20 years’ experience in financial services roles in Barclays, HBOS and Lloyds Banking Group. He joins from Barclays where he…
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New data from the Institute of Directors shows that business confidence in the wider economy has dropped back to the levels seen in the latter part of 2023, having seen a brief uplift at the start of this year. Whilst business leaders’ views about their own organisations’ prospects remain more positive, investment and export expectations…
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Startline Motor Finance has announced the appointment of Gary McLeod to the newly-created role of Head of Commercial. McLeod was one of the company’s earliest employees, being recruited as Underwriting Manager in 2013, he has risen through several positions as the company has expanded. A graduate of Edinburgh Napier University, McLeod worked for a number…
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New research by Lowell has found that nearly a third (30%) of adults in the UK don’t know how much debt they owe. The research showed that currently, the average total debt per UK household stands at £57,910 and searches for ‘how to become debt free’ have increased by 140% in the last month alone.…
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