Credit, Collections & Insolvency News
Latest data from UK Finance has found that outstanding balances on credit card accounts have grown by 7.6 per cent over the twelve months to July with 49.4 per cent of outstanding balances incurring interest compared to 50 per cent in July 2023. The report also showed that there were 403 million credit card transactions…
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A third of commercial finance brokers struggle to find lenders prepared to fund business acquisition deals according to latest survey data from Asset Advantage. Alongside difficulties with lender appetite, two-in-ten brokers said they find it hard to secure the right loan value for potential acquisitions. Respondents also shared challenges with securing all the necessary information,…
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Inflation fell unexpectedly to 1.7 per cent in the year to September, the lowest rate in three-and-a-half years, according to the latest Office for National Statistics (ONS). However, households were hit by a jump in food and non-alcoholic drink inflation, with stronger price increases for milk, cheese, eggs and fruit. Lower airfares and petrol prices…
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Latest Office for National Statistics (ONS). data has shown that Inflation unexpectedly to 1.7 per cent in the year to September, the lowest rate in three-and-a-half years, Lower airfares and petrol prices were the main drivers behind the surprise slowdown. City Analysts had expected the rate to drop to 1.9 per cent, while the Bank…
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