Credit, Collections & Insolvency News
A man from South London has been sentenced to five years in prison for impersonating banks and stealing £988,719 from banking customers. The sentencing follows an investigation and arrest by specialist banking industry sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU). Between 2021 and 2024, Adam Raja, defrauded banking customers by impersonating…
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The Night Time Industries Association (NTIA) has released figures showing a 32.7% decline in the total activity of the UK’s nightclub sector since March 2020. This equates to a loss of 405 venues, with the number of nightclubs dropping from 1,240 in March 2020 to just 835 in November 2024. While late 2024 saw a…
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Nationwide is urging those struggling financially to seek help as a perfect storm of record New Year debt, rising energy bills and tax returns is set to make January a tough month for many. According to Nationwide’s spending data, debt levels in November were already four percent higher than the same month last year, at…
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New research titled the ‘Hotel of Mum and Dad’ funded by the Economic and Social Research Council, and published by IFS, has found a rise young people living with parents among those in their late 20s. The share of 25- to 29-year-olds living at a parental home has increased from 20% to 28% between 2006–07…
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AperiData and PayPoint has announced the launch of debt advice support for Citizens Advice Bureau (CAB) branches across the UK. The partnership using the Customer Support Tool has enabled case workers to access Open Banking data and a comprehensive overview of the client’s financial information via a single dashboard. CAB Stevenage saw a reduction in…
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