10th March 2025 - Credit Connect

One in five say that the cost-of-living crisis has encouraged them to make the most of their money

10th March 2025 Consumer Collections | #money management

New research from Chase has found that one in five (21%) say that the pandemic and cost-of-living crisis have encouraged them to make the most of their money, including spending more on experiences to ‘live in the moment’ The research found that one in four (26%) are now more focused on saving money than they…

Half of children with parents born abroad are in poverty

10th March 2025 Arrears and Recoveries |

Hundreds of thousands of children in the UK from migrant families are affected by poverty and are being held back in life, wth nearly half of children in families with parents born outside of the UK are in poverty. The data from Public Policy Research (IPPR) has shown that 46 per cent of children of…

Female consumers 9% less likely to apply for debt consolidation loans than male consumers

10th March 2025 Consumer Lending | #lending

New research by Loantube has revealed that female consumers are most likely to apply for a loan for home improvements (42%), followed by debt consolidation (32%) and buying a new car (10%). Among the consumer borrowing trends, LoanTube’s data reveals that female consumers are most likely to apply for a loan for home improvements (42%),…

First-time buyers paying extra £4,200 a year on their mortgage

10th March 2025 Consumer Lending | #mortgages

First-time buyers in the UK are facing paying an extra £4,200 a year on their mortgage with increased mortgage payments, which now average £940 per month compared to £590 five years ago, according to latest Rightmove research. The data showed that the average price for a first-time buyer home currently stands at £226,887. The analysis…

FCA sets out steps to support home ownership

10th March 2025 Consumer Lending | #mortgage regulation

The Financial Conduct Authority (FCA) has promised swift action on making mortgages more accessible, with the regulator set to launch a consultation on simplifying rules, as well as alternative approaches to stress testing. The FCA will look at options for making it easier to access options such as remortgaging with a new lender and reducing…

Three quarters of business leaders have low confidence in the economy

10th March 2025 Commercial Credit Management | #economy

A Business Confidence Survey by the Adam Smith Institute (ASI) has revealed that over 77% of business leaders in the UK have “low” or “very low” confidence in the current economic climate. The data showed that only 3.8% of respondents had ‘high or very high confidence.’ The average ‘Business Confidence Score’ across the survey was…

Arrow Global appoints new CEO

10th March 2025 Appointments |

European real estate and alternative asset manager company Arrow Global has announced that it has appointed Enrico Sanna as CEO Platforms. In his new role, Sanna will lead Arrow’s asset-backed platform strategy, focusing on platform growth, integration, and alignment with investment strategies in new and existing markets. His priorities include optimising operational value creation, advancing…

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