Credit, Collections & Insolvency News
New Age UK analysis reveals that shockingly high numbers of pensioners living below or just above the poverty line – 82% or four in every five are set to lose their Winter Fuel Payment (WFP) as a result of the Government’s policy change. This includes huge numbers of older people who are aged over 80, disabled,…
Read more
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell in August 2024 by 7% compared with the same month in 2023. In the eight months to August 2024, new business was 4% higher than in the same period in 2023. New…
Read more
New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes fell in August 2024 by 2% compared with the same month in 2023. The corresponding value of new business fell by 1% over the same period. In the eight months to August 2024, new business was 2%…
Read more
New figures released by the Finance & Leasing Association (FLA) has shown that second charge mortgage new business volumes grew by 16% in August 2024 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA),…
Read more
New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in August 2024 by 1% compared with the same month in 2023. In the eight months to August 2024, new business in this market was at a similar level to the same period in 2023. The credit card…
Read more
New data from Barclays has shown that consumer card spending increased 1.2 % year-on-year in September, after returning to growth in August, but remained lower than the latest CPIH inflation rate of 3.1 %. Non-essential spending saw its highest growth so far this year, at 2.7 %, as retailers’ discounting incentivised shoppers. Several retail sub-categories…
Read more
Data driven technology company Connected Data has announced a partnership with Synectics Solutions to detect and prevent fraud in relation to void properties and social tariffs in the utility sector. Synectics Solutions is a counter-fraud company that delivers unrivalled solutions across risk intelligence, decisioning, predictive analytics, ID verification, digital forensics and more. Having won multiple awards…
Read more
New research from Pay.UK has reveald a gap between how much people say they understand about money and the reality. The research reveals 78% of UK adults consider themselves financially literate yet 71% of respondents don’t know how a savings account works. Financial literacy alone doesn’t always safeguard individuals from financial difficulties. Among those who…
Read more
Business confidence fell for the first time in a year as tax fears hit a joint record high ahead of the Autumn Budget according to sentiment tracking by ICAEW. The ICAEW’s Business Confidence Monitor (BCM) dropped to 14.4 on the index in Q3, the first decline in 12 months and down on last quarter’s reading…
Read more