16th October 2024 - Credit Connect

One in three would rather spend in retirement rather than commit to their children’s inheritance

16th October 2024 Consumer Lending |

New data SunLife has revealed a real split amongst households on the ‘inheritance’ debate. The report, found that a third of people over 50 (32%) would rather spend their kids’ ‘inheritance’ on enjoying their own retirement, even if it means there would be nothing left to inherit. With 63% of over 50s worrying about the cost…

Two companies fined £150,000 after bombarding people with debt service spam texts

16th October 2024 Consumer Collections | #debt collections

The Information Commissioner’s Office (ICO) has fined two Manchester based financial and debt management companies a total of £150,000 for sending in excess of 7.5million spam text messages to people. Both Quick Tax Claims Limited, a company focusing on PPI tax refunds, andNational Debt Advice Limited, a debt counselling advice service, first came to the attention of the…

Half of SMEs haven’t not seen benefits of falling inflation

16th October 2024 Commercial Credit Management | #inflation

Nearly half (49%) of small businesses say they have not benefited from falling inflation this year, according to a new poll commissioned by iwoca. The research, which comes ahead of the ONS’s latest inflation statistics, also reveals that the cost of doing business is too high for half (50%) of the UK’s 5.6 million small and…

Small business growth forecasted at two year peak

16th October 2024 Commercial Credit Management |

The percentage of UK small business predicting growth for the final three-months of 2024 remains at the two-year high of last quarter (35%) – with significant upturns in growth forecasts across the North, the Midlands and among younger businesses – according to new research from Novuna Business Finance. Despite market uncertainty about what lies ahead…

44% of elderly say loss of Winter Fuel Payment will negatively their impact health

16th October 2024 Consumer Collections |

Ahead of a hand-in of more than 500,000 signatures calling on the UK Government to protect the Winter Fuel Payment, new research from Independent Age has found that 44% of older people (65+) in England think losing the Winter Fuel Payment will negatively impact their physical heath. The new polling also shows that many people…

Experian and Sardine agree fraud prevention partnership

16th October 2024 Company News |

Experian has announced a new partnership with Sardine, the specialist in behavioural biometrics and device intelligence-based fraud prevention. As online attacks and scams become increasingly sophisticated with the use of GenAI deep fakes, mobile emulators, advanced bots, and VPNs, it’s critical for businesses to identify genuine customers to prevent fraud losses and meet evolving compliance…

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