Credit, Collections & Insolvency News
Business confidence has reached its highest level in nearly a decade, according to Lloyds Bank’s latest business barometer index. The index has found that overall business confidence reached its highest level for over eight years. Confidence increased by 8 points – up to 50% – a level last exceeded in November 2015. Survey data suggests…
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UK Finance has announced the appointment of Simon Bladon, Chief Executive Officer, PayPal UK and Ian McLaughlin, Group Chief Executive Officer, Vanquis Banking Group, to its board. Simon Bladon is PayPal UK Chief Executive Officer, and Vice President of Global Entity Management. Simon was formerly a Managing Director at Barclays with over 20 years’ experience…
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New research from the Joseph Rowntree Foundation (JRF) shows the relentless reality of years-long hardship for low-income families, with almost 5 million households finding themselves having to cut back on showers. Those on the lowest incomes, over 5 million households, have continued to go hungry, skip meals and cut back on food. Carried out immediately…
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New research by Compare the Market’s latest Household Financial Confidence Tracker has found that almost half of people (45%) admit they need to dip into their savings around three times per month to afford everyday living costs, despite optimism about their household finances. Over half (61%) feel more optimistic about their finances compared to this time…
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Household costs eased to 4.4% in the year to March, from an annual rate of 5.3% at the start of the year, according to official data from the Office for National Statistics (ONS). Those with home loans had the highest annual inflation rate of 5.5%, reflecting rising mortgage interest payments. The report says mortgage interest…
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New data published by global information and insights provider, TransUnion, has shown that digital fraud in the gaming sector – which includes online sports-betting and casinos etc. – is the highest in the UK. TransUnion found that 7.3% of all transactions in that industry where the consumer was located in the UK were suspected digital…
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Debt purchase, collections, litigation and reconnection specialist, Perch Group has announced that it has completed a £210 million funding package to support its next stage of growth. This package comprises £105 million of initial commitments with the ability to scale as the Group continues its growth journey. The transaction sees Shawbrook Bank and Paragon Bank…
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New UK Finance data has indicated that later-life lending fell by nearly 12% year-on-year. The data showed that there were 28,840 new loans advanced to older borrowers in Q1, down 11.7% year on year. The value of this lending was £4.3 billion, which was down 8.5% compared with the same quarter a year previously. The…
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Target Group has announced a new partnership with Atto to use its open banking solution. Target Group has enhanced its Mortgage Hub originations platform by using real-time transaction data from Atto. Atto, which rebranded earlier this year from DirectID, is working with Target Group to provide real-time open banking information and deliver instant insights into…
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