Credit, Collections & Insolvency News
Consumer confidence remained unchanged in the final quarter of 2024, with a marginal -0.2 percentage point drop, according to the latest Deloitte Consumer Tracker. Sentiment towards personal levels of debt rose by a significant +6 percentage points this quarter compared with Q4 2023. However, the improvement in confidence in debt levels did not compensate for a…
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New research by Intuit Quickbooks has found that 27% of small businesses relied on credit cards for operations in 2024, with 33% charging over 25% of their monthly expenses. Intuit Quickbooks says that this trend highlights a deeper issue of restricted access to affordable traditional financing, as banks become more selective in lending. In addition,…
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New analysis by Kroll found there were 1,330 business administrations last year, a 6% increase on the year before and significantly higher than in the years following the pandemic. Manufacturing suffered the most with administrations up by a fifth followed by the construction sector. The sector posting the biggest increase in business administration was recruitment…
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