Credit, Collections & Insolvency News
New research by Compare the Market has found that only 17% of credit card users have a strong grasp of how credit scores are determined, while over a third (36%) admit to having limited or no understanding. More than four in ten credit card users (46%) worry about maintaining a healthy credit score. However, the…
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Energy firm Rebel Energy has entered administration. The energy firm had around 80,000 customers. Energy regulator, Ofgem will appoint a new supplier for customers. The customers will now be left without a supplier, however, they won’t see any disruption to their energy supply as they are protected by Ofgem rules. Tim Jarvis, a…
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UK Finance data has shown that the total value of transactions on these cards was just over £1 trillion during 2024. The figures were in line with 2023 and split betwee debit card spend of £797 billion (down 0.8 per cent compared) to 2023 and credit card transactions worth £249 billion (up 5.3 per cent compared…
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New research by SunLife has found that seven in ten over 50s are struggling with their water bills. The average water bill is set to rise by an average of between £79 and £224 with 71% are already spending more on their household bills than they were a year ago, while 61% are spending more…
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TransUnion announced the completion of the acquisition of Monevo from Quint Group. Monevo’s platform enables comparison websites and other online brands known as publishers to embed highly personalised credit offers. Steve Chaouki, President, U.S. Markets, TransUnion said “We are delighted to welcome Monevo into the TransUnion family.We anticipate that Monevo’s platform will enhance our portfolio…
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Council tax bills in England have risen by almost £7.3 billion over the past four years, according to new research into the increase in tax rates by Go.Compare. Birmingham has seen the largest jump in costs across all eligible properties, totalling an extra £136.8 million during this period. Croydon has experienced the highest increase per property…
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New Barclays Consumer Spend data shows a record 94.6 per cent of all eligible in-store card transactions were made using contactless in 2024, surpassing the previous year’s record of 93.4 per cent. Shoppers used the technology more frequently, 236 times across the year, on average (vs. 231 in 2023) – and the cost of the…
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