Credit, Collections & Insolvency News
An estimated 12.3 million households have had to put off some form of home maintenance work because of the cost of living crisis, according to new research by Go.Compare home insurance, The figures show that around two-fifths (43%) of residents have had to delay these types of jobs due to rising costs. This means millions…
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The boss of an umbrella company, which failed to pay more than £2.5 million in VAT has been banned as a director. Hubert Omukhulu, failed to accurately declare the amount of VAT Remedy Payroll Solutions Ltd had to pay in 2020 and 2021. The inaccurate returns Remedy Payroll Solutions submitted suggested the company had no…
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New research by Lowell and Opinium has found that household finances are now in a worst state since pandemic. The research shows after years of high inflation, traditionally affluent areas populated by middle-income families have seen the biggest erosion of their financial security. The data shows that six in ten households lack sufficient savings…
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The latest Property Tracker survey from the Building Societies Association (BSA), reveals a decline in consumer confidence in the housing market. Just 17% of people agree now is a good time to buy a property, a decline from 20% just three months ago (Jan 2025). More than double this number didn’t think now was a…
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The Credit Services Association (CSA), the only national trade association in the UK for organisations active in the debt collection and purchase industry and debt collection company and long-standing CSA member, Lowell, have jointly been shortlisted for Best Training Initiative at the Credit and Collections Industry Awards 2025. Run by Credit Connect, the Awards highlight…
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