Credit, Collections & Insolvency News
Two in three people whose loan repayments have been declined say they have funds elsewhere, according to new research by Acquired. The data showed that 61% of sub-prime borrowers, 64% of near-prime borrowers and 68% of prime borrowers said they have funds available elsewhere when a loan payment declines. In many cases, these funds can…
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A quarter of adults in the UK are ‘silent savers’, preferring to keep financial matters private and rarely discussing savings or investments with others, according to new research by KPMG UK and the charity National Numeracy. The study of 2,000 UK adults which also found that 18 per cent identified as ‘cautious calculators’, who carefully…
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CEOs are adjusting their strategic investment plans as geopolitical, macroeconomic and trade uncertainties continue to disrupt global markets, according to the latest EY-Parthenon CEO Outlook survey. The survey, which was compiled in April following the initial announcement of US trade tariffs, evaluates the optimism levels of 100 UK CEOs. Forty-three per cent of respondents identified geopolitical, macroeconomic…
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Virgin Media O2 has announced a new partnership with Money Wellness to further improve the support available to customers who may be experiencing financial difficulties. The partnership will enable Virgin Media O2’s agents to better support customers showing early signs of financial distress, for example through a Money MOT, which they can access either through…
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