20th February 2025 - Credit Connect

Inflation rises to 10-month high of 3% in January – consumer credit industry reaction

20th February 2025 Consumer Lending | #inflation

Latest Office for National Statistics (ONS data has shown that inflation rose faster than expected in January, up from 2.5 per cent in December to 3 per cent. This is the highest annual rate of inflation since March last year. The increase was driven primarily by increases in the cost of transport, food, and non-alcoholic…

Second charge mortgage figures grow by 16%

20th February 2025 Arrears and Recoveries | #second charge mortgages

New figures released by the Finance & Leasing Association (FLA) show that econd charge mortgage new business volumes grew by 16% in December 2024. Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…

PRA Group and StepChange host consumer resilience discussion at the House of Lords

20th February 2025 Consumer Collections |

PRA Group and StepChange Debt Charity hosted a roundtable debate at the UK House of Lords. The debate focused on financial inclusion and consumer resilience. The event was chaired by Credit Services Association (CSA) CEO Chris Leslie, and also brought together stakeholders from banks, credit monitoring agencies, non-profits, and regulatory bodies. The discussion centered on…

Consumer car finance business held steady in December

20th February 2025 Consumer Lending | #car finance

New figures released by the Finance & Leasing Association (FLA) show that consumer car finance new business volumes held steady in December 2024 compared with the same month in 2023. The corresponding value of new business grew by 6% over the same period. In 2024 as a whole, new business was 2% lower by volume…

Consumer finance grew by 11% in December

20th February 2025 Consumer Lending | #consumer credit

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business grew in December 2024 by 11% compared with the same month in 2023. In 2024 as a whole, new business in this market was 2% higher than in 2023. The credit card and personal loans sectors together reported new…

Inflation jumps to 3% – business industry reaction

20th February 2025 Commercial Credit Management | #inflation rises

According to the Office for National Statistics, inflation jumped to 3% in January, up from 2.5% in December, marking the highest level since March last year. The increase was driven primarily by increases in the cost of transport, food, and non-alcoholic beverages (The Times). Private school fees were also a factor, rising by almost 13…

Asset finance new business grew by 7% in December 2024

20th February 2025 Asset Finance | #asset finance

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in December 2024 by 7% compared with the same month in 2023. In 2024 as a whole, new business was 3% higher than in 2023. The commercial vehicle finance and plant and…

Create your Account:

1. Please fill in the boxes below with your email, tick the relevant newsletters you would like to subscribe to and click the Sign Up button.

2. Wait for the double opt-in page to open and confirm your email address.

3. You have subscribed and have agreed to receive the newsletters.

Credit Connect Media is committed to reserving your right to privacy. By using our website and services you consent to our collection and use of your information as described in or privacy policy.

Credit Connect Media has set up a network of business partners whose products and services may be interesting and useful to you. They may contact you from time to time. By subscribing you confirm that you agree to our Terms & Conditions statement.