Credit, Collections & Insolvency News
Latest data from the ONS has found that CPI inflation fell to 3.2 per cent in March, lower than the 3.4% reported in February. Commenting on the data, Steve Vaid, Chief Executive of the Money Advice Trust, the charity that runs National Debtline, said “Falling inflation is welcome news and will provide some relief for…
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Latest ONS data has found that inflation came in at 3.2% in March, slightly less of a drop than economists had forecast. The rate is at it’s the lowest in two and a half years, and well down from the peak at 11.1% in October last year. The biggest factor pushing inflation down was food,…
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Car owners are being hit with eye-watering annual percentage rates (APR) of nearly 40 per cent when paying for their insurance monthly, a new Which? investigation has found. The study found some home insurers charging up to almost 35 per cent APR on monthly payments. The consumer champion is now calling on the Financial Conduct…
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Around half (48%) of first-time buyers say their prospects of owning a home are further away than ever due to the ongoing cost-of-living crisis, research by Nationwide Building Society shows. The research shows that one in five (20%) don’t think they will be able to buy until at least their forties – a significant increase…
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Fraud prevention service, Cifas has released its 2024 Fraudscape report, detailing the latest fraud data and intelligence recorded by its members during 2023. The research found that more than 374,000 cases were reported to the Cifas National Fraud Database (NFD), with members recording an incident of fraud every two minutes, preventing more than £1.8bn in…
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Aryza Group has announced the appointments of two new Non-Executive Directors, Michael McAteer and Tamara McMillen. McAteerl brings broad experience from Grant Thornton across a range of accounting and financial restructuring disciplines, advising Irish and cross border businesses on best practices in the retail, leisure, construction and IT sectors. He is a Fellow of the…
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Short-term lender Glenhawk has announced it has appointed John Butt as Head of Credit. Butt joins the newly-created role from Foundation Homeloans and has more than 20 years’ experience in specialist lending. Butt will work closely with the underwriting and sales team to improve the application and lending process, as well as assisting with complex…
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Mortgage broker, L&C Mortgages has announced it has appointed Mark Harrington as its new Chief Executive Officer. Harrington brings more than 20 years of experience to the role, having joined the company in 2003. He has held a number of different roles in his time with the company, rising from mortgage and protection adviser to…
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