Credit, Collections & Insolvency News
Research by Compare the Market has found that half of university students struggle to repay their credit card balance within three months. The data found that almost one in two (48%) university students have been struggling to repay their credit card balance within three months, with the main reasons being the rising cost of everyday…
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New research from Santander has revealed that young adults are leaving school without a formal financial education. A decade after financial education became part of the secondary school curriculum, young adults are still leaving school unprepared to manage their finances. According to a new research report from Santander UK of 2,000 18-21-year-olds, only one in…
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TransUnion has announced that it has signed a definitive agreement to acquire Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalised credit offers to consumers via comparison websites and other third parties. TransUnion currently owns 30% of the equity of Monevo after acquiring a minority stake in 2021 and…
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Improving water bill reductions for single people living with medical conditions which rely on higher levels of water use is among a raft of sweeping changes to the WaterSure support scheme, being proposed by the Consumer Council for Water (CCW). The consumer watchdog CCW has submitted six main recommendations to the UK and Welsh governments, aimed at…
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Secure Trust Bank Commercial Finance the asset-based lending (ABL) arm of Secure Trust Bank, has announced the promotion of James Hodkinson to Managing Director (MD) following the retirement of John Bevan. Hodkinson began his career at the Royal Bank of Scotland, where he undertook a variety of leadership and strategy roles within the invoice finance…
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