Credit, Collections & Insolvency News
Criminals have been sentenced for conspiracy to defraud and fraud by false representation to the value of £272,625 and a further count of money laundering for £80,459 following an investigation and arrest by specialist banking industry-sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU). The three men from Peterborough have been sentenced to…
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Latest analysis by Shelter found that there were 83,000 unwanted moves in England over the past 12 months, meaning 40% have been forced to relocate, with the moves costing renters over half a billion pounds a year. An unwanted move is defined as a fixed-term tenancy coming to an end, or tenants being priced out…
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Latest Office of National Statistics (ONS) data has shown that private rentals have continued to rise at a faster rate than inflation, with tenants seeing housing costs rises by 9.2% in the 12 months to March 2024. This is an increase on the 9% annual increase recorded the previous month. The figures show that the…
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Revenue based finance lender, 365 Finance has announced that it has appointed Warren Abbey as its new Chief Executive Officer. Abbey joined 365 Finance in 2023 as Chief Commercial Officer and has been instrumental in driving commercial success, achieving a 42% year-on-year increase in business. Abbey is a Chartered Accountant who started his financial career…
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A survey by invoice finance company Novuna Business Cash Flow has found that 34% of SMEs could cease trading if unable to secure funding. The figure contrasts sharply with the surprising revelation that 50% of SMEs have not sought any form of financial assistance since November 2023, despite the precarious position many find themselves in…
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