Credit, Collections & Insolvency News
Credit Connect has published its first-ever annual Credit & Collections Industry Awards Review. The annual review highlights why the judges decided the winners at this year’s Industry Awards which were announced in July. The review provides background and context for the awards results recognising companies for the progression of industry standards and excellence. The review…
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Young people (16-27) are facing more financial hurdles than previous generations, despite much of Generation Z being the first to benefit from financial education being added to the national curriculum ten years ago, according to a new report released by Yorkshire Building Society. The report found that young people are facing acute pressures meaning over…
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Latest data from the Office of National Statistics (ONS) has found that the average UK private rents increased by 8.6% in the 12 months to July 2024 (provisional estimate), unchanged from in the 12 months to June 2024. Average rents increased to £1,319 (8.6%) in England, £748 (7.9%) in Wales, and £965 (8.2%) in Scotland,…
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A third of private sector landlords would sell properties they let if rent controls were introduced, according to new research by consultancy Pegasus Insight, The research found that in the second quarter of the year 82 per cent of landlords in England and Wales reported strong demand for properties from tenants. Demand was strongest in…
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UK inflation rose to 2.2% in July 2024 from 2.0% in June however core inflation fell to 3.3% from 3.5% according to the Office of National Statistics. Food inflation has increased for the first time since March 2023, with analysis from Kantar showing supermarket prices up 1.8% in the four weeks to 4 August, up…
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New figures released by the Finance & Leasing Association (FLA) show that FLA members across the asset finance, consumer finance and motor finance markets provided £76.7bn of new lending in the first half of the year (H1) 2024, 1% higher than in H1 2023. £20.1bn was provided to businesses for investment in machinery, equipment, and…
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Global information company TransUnion and collections specialist Receeve have announced a partnership aimed at delivering an increased collections autonomy and profitability through AI-powered insights and strategy optimisation. Kelli Fielding, Chief Product Officer at TransUnion said “It is vital that consumer wellbeing remains at the heart of decision-making. “Our partnership with Receeve will improve services and…
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