28th February 2025 - Credit Connect

Money and Mental Health granted super-complainant status

28th February 2025 Company News |

The Money and Mental Health Policy Institute, the charity founded and chaired by Martin Lewis (MoneySavingExpert) has been recommended for ‘super-complainant’ status by the Department for Business and Trade — which will grant it special powers to ensure action on specific consumer harms from regulators. Money and Mental Health will be given the power to…

Overdue invoices in Scotland reach three-year high

28th February 2025 Commercial Collections and Recoveries | #late payments

The number of overdue invoices on the books of Scottish businesses reached a three-year high in January, according to new research from R3, the UK’s insolvency and restructuring trade body. R3’s analysis of data provided by Creditsafe shows that businesses in Scotland had a total of 611,754 overdue invoices on their books last month. This…

Young adults and homeowners driving surge in subprime credit

28th February 2025 Buy Now Pay Later | #sub prime credit

New analysis of 24 million subprime credit applications conducted by Data On Demand in partnership with the University of Salford Business School and Seattle Pacific University has found that young adults and homeowners driving surge in subprime credit, The analysis revealed a significant shift in borrowing patterns, with essential living costs replacing discretionary spending as…

Later life mortgage lending increases 28%

28th February 2025 Consumer Lending | #later life mortgages

Latest quarterly figures from UK Finance has found that later life mortgages lending increased 28.2 per cent year on year. The data indicated that there were 35,840 new loans advanced to older borrowers in Quarter 4 (Q4) with the value of this lending was £5.6bn, which was up 38.6 per cent compared with the same…

CSA appoints new Chair

28th February 2025 Appointments | #appointments

The Credit Service Association (CSA), the UK trade body for the debt collection and purchase industry, has appointed Desmond Hudson as its new independent Chair. Hudson’s career spans several high-profile positions, including Chief Executive of the Law Society of England & Wales and the Institute of Chartered Accountants of Scotland. His tenure in these roles…

AutoProtect Group appoints Chief Revenue Officer

28th February 2025 Appointments |

AutoProtect Group has announced that it has appointed Mike Edwards as Chief Revenue Officer. Previously Edwards has been responsible for success in strengthening and expanding relationships with distributing retailers. The new role will see Edwards continue these efforts alongside an expanded focus on revenue generation through DigitalPlus, the digital B2B2C channel, which is forecast to…

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