Credit, Collections & Insolvency News
One in three are unhappy with their finances and 35% fear they won’t be able to afford the retirement they want according to research by Oxford Risk. The data showed that over-55s are struggling in the run-up to retirement with just two out of five (38%) clear on how much money they will need when…
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New analysis by Pepper Advantage, on its portfolio of over 100,000 UK residential mortgages has shown that the arrears environment for residential mortgages has continued to improve – albeit slightly – with a 0.8% drop in the arrears rate relative to Quarter 2 (Q2) 2024. However, the arrears rate for Buy-to-Let (BTL) mortgages continued to rise,…
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Aaccountancy and advisory firm Azets has signalled service-line growth with the promotion of Mark Barrie to Head of Debt Advisory. Barrie, previously Funding & Strategic Partnership Director, will be assisting business owners and managers with new funding lines, working with intermediaries and mainstream and independent lenders. Barrie is a Chartered Banker, leads a national team…
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A new report by Lenvi has revealed that four-fifths (81%) have borrowed money – with the most popular form of loan being the ‘bank of mum and dad’ (40%). However, parents and guardians may be pulling some strings to make this happen – in this instance, driving themselves into debt – to support their children.…
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A report by Global Anti-Scam Alliance’s (GASA) conducted in association with UK’s leading fraud prevention service, Cifas has revealed UK people lost £11.4 billion to scams in the last 12 months, up £4 billion on last year. With Black Friday imminent and expected to trigger a spike in scam attempts this week, GASA and Cifas are…
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