Credit, Collections & Insolvency News
New research by StepChange Debt Charity reveals around 3% of UK adults, equivalent to 1.6 million people, have experienced coerced debt, a form of economic abuse where the perpetrator coerces a victim into debt, for example by making them take out credit against their wishes. This comes as the charity estimates that around one in…
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A Devon taxi driver who fraudulently claimed two maximum-value Covid loans by overstating his annual turnover by more than £350,000 has been jailed. Murat Dogantekin secured the Bounce Back Loans worth a combined £100,000 from two separate banks just months into the pandemic, when he was only actually entitled to just over £4,000 under the…
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The IoD Directors’ Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, dropped back to -64 in February 2025, from -59 in January. Business confidence remains at historically depressed levels, just above the recent nadir of -65 in November 2024 and close to the lows reached during Covid. Business leader’s…
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The latest Lloyds Bank Business Barometer has found that business confidence surged in February reversing much of the previous five-month decline. The headline index jumped 12 points to 49%, its highest since August, and nearly erasing recent losses in one month. The Bank of England’s interest rate cut to 4.5% likely aided this improvement. Nevertheless,…
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Paylink has announced the appointment of Nisha Korpal as its new Chief Executive Officer (CEO). Korpal has over 17 years of extensive experience in the financial services industry, including roles at TDX Group, Equifax, and Experian, Nisha brings a wealth of knowledge and a strong passion for providing solutions that empower customers to achieve better…
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