15th December 2024 - Credit Connect

Director moved £100k of fraudulent Covid loans through family bank accounts

15th December 2024 Commercial Credit Management | #fraud

A company director moved £100,000 in fraudulent Covid loans through family bank accounts Muhammadh Chaudhry, who previously went by the name of Masood Jamati, secured a £50,000 Bounce Back Loan for a media business in July 2020. The 41-year-old then fraudulently obtained another £50,000 loan for UK Media Kit Hire Ltd in September 2020, which…

Third of consumers expect borrowing costs to increase

15th December 2024 Consumer Lending | #consumer lending #mortgage lending

A third of the consumers expect the cost of borrowing (around 33%) of consumers say interest rates to climb over the next 12 months, according to the latest Bank of England inflation attitudes survey, this up from 29% in August the last time the poll was taken. The data also found that 45% of the…

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Director moved £100k of fraudulent Covid loans through family bank accounts

Third of consumers expect borrowing costs to increase

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