Half of people aged over 55 using technology to manage budgets

15th July 2025 Arrears and Recoveries | #money apps

New research commissioned by debt resolution specialists, DCBL  has found that more than half (51%) of people aged 55+ say apps now help them manage their money. The research also showed that over three-quarters (76%) say they would proactively manage their finances via an app or online portal if their bank or finance provider gave…

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Salad appoints Chief Strategy Officer

15th July 2025 Appointments |

Community lender Salad has announced that it has appointed Craig Pennington as Chief Strategy Officer. Pennington joins Salad from Fair4All Finance where he was responsible for managing investments and partnering with mainstream finance with the aim of attracting investment capital to community finance providers. Salad is a community development finance institution (CDFI) which serves full-time workers…

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Credit card spending slows

15th July 2025 Consumer Lending | #credit card spending

Latest UK credit card data from global analytics software leader FICO provides stark evidence that consumer financial confidence remains low. Whilst spending has followed the usual seasonal drop after Easter, the average active balance is 4.7% higher year-on-year, suggesting consumers are not able to clear as much of their credit card debt. The percentage of…

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