11th March 2025 - Credit Connect

Metro Bank makes Commercial Lending Director appointments

11th March 2025 Appointments |

Metro Bank has announced that it has appointed Paul Gaynor and Louise Molloy as Commercial Lending Directors within the North-West region. Gaynor has 36 years of banking experience and has spent the last two decades working in Corporate and Commercial lending, most recently at NatWest. Gaynor’s new role at Metro Bank will see him based…

5.7m struggling to keep up with credit card repayments

11th March 2025 Arrears and Recoveries | #credit card debt

A new study has estimated that 5.7 million people are struggling to keep up with their credit card repayments. The research by Go.Compare found that just over one in ten (14%) credit card holders said they were finding it hard to meet their repayments, meaning millions could be grappling with debts across the country. Young…

Over-50s reflect on financial decisions

11th March 2025 Consumer Lending |

Many over-50s reflect on their financial choices and wish they had made different decisions in their youth, according to a survey conducted by Aviva. While 16% of respondents indicated they would have prioritised a detailed retirement plan earlier, 25% would have taken their pensions more seriously. Additionally, 22% expressed a desire to invest more in their…

Three in ten put off major purchases because of financial worries

11th March 2025 Arrears and Recoveries | #money worries

Research from consumer group Which? has found that three in ten (28%) of people have been put off from making a major purchase including items such as cars, furniture and electronic devices – in the last month because they were worried about their future household finances. The data also showed that the estimated number of…

Business output declines as inflation rises

11th March 2025 Commercial Credit Management | #business output

A business trends report from BDO has revealed that business output fell for the second consecutive month, indicating a persistent slowdown in the pace of growth in overall activity across the UK economy. Despite the decline recorded in overall output, the Services Output Index rose from 98.05 to 98.29 in February. This reading suggests the…

Commercial lenders rely on brokers for 67% of finance

11th March 2025 Commercial Credit Management | #business finance

Research by the National Association of Commercial Finance Brokers (NACFB) has found that brokers facilitate nearly three-quarters (£26.5 billion) of the UK’s £38 billion SME lending market. Lenders are attributing 67% of their SME portfolios to intermediaries on average. The data also reveals brokers’ role in diversifying SME funding access, with 33% of deals facilitated…

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