Credit, Collections & Insolvency News
Business confidence in the UK has fallen to a four-month low, with Lloyds Bank’s Business Barometer seeing a three-point drop to 44% in October. It remains above the survey’s long-term average of 29%, an indication that confidence is still high from a historical standpoint, although the latest reading reaffirms a slight loss of optimism since…
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New Enforcement Board (ECB) research has found that 6% of civil enforcement doorstep interactions are a breach of current standards. The research, commissioned by the ECB and led byagency M.E.L Research, represents the first comprehensive study of its kind. Researchers analysed a substantial, randomly selected sample of over 600 videos of interactions between enforcement agents…
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A two-year study by Fair4All Finance has identified that more than half of adults are living in financially vulnerable circumstances in 47 local authorities across the UK. The research identifies rising living costs, low or unstable incomes, persistent debt and a lack of ‘safety nets’ such as insurance, credit and savings among the factors which leave…
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A new report from Go.Compare Car Insurance has revealed that the cost of getting on the road in 2024, including the cost of a first car, has increased by 19%, from £5,947.40 in 2023 to £7,100 in 2024. The report is compiled annually by the comparison site and looks at the overall costs associated with…
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A third (33%) of parents with children under 18 say they’re terrified for their financial future with over a quarter (27%) likely to start a side hustle or second job to make ends meet according to research by Creditspring. Over a fifth (22%) of parents will have to borrow in the next six months whilst…
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Law firm Flint Bishop has appointed Shona Houghton as a Partner in its Debt Services division as it prepares to open a new office in Cardiff in Q1 2025, aimed at further expanding its capacity and service lines. Houghton joins Flint Bishop from the London-based law firm Francis Wilks & Jones, where she previously served…
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Black & White Bridging has announced it has appointed Najma Hashime as the company’s new Lending Manager. Hashime brings extensive experience in the lending sector and will be based in the London office, where she will play a crucial role in managing the company’s growing origination pipeline. Her appointment comes as Black & White Bridging…
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James Briggs has joined newly launched specialist lender Afin Bank as Intermediary Sales Director. Previously Briggs was Head of Intermediary Sales at Together Personal Finance. Briggs will lead the charge to develop broker relationships ahead of the lender’s planned full launch next year. Briggs joins his former Together Personal Finance colleague Alan Davison, who is…
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