Credit, Collections & Insolvency News
A student from Northwest London has been sentenced at Southwark Crown Court to seven years in prison for the creation and selling of phishing kits, designed to help fraudsters steal money from victims. The sentencing follows investigation and arrest by specialist banking industry sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU) who received…
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Over a third (35%) of bank customers do not feel valued by their bank, according to Which? research. The consumer champion’s survey in May of 13,660 members of its Connect Panel found that many people had noticed services being removed over the past two years. The most common issues raised included the loss of paper…
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Chetwood Bank has announced the appointment of Rob Pomphrett as Non-Executive Director (NED). Pomphrett brings over 30 years of extensive experience in the banking and financial markets sector, where he specialised in trading risk and leading global teams across credit, interest rates and government bonds, and structured products During a long and successful career, Rob…
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A former world sprint champion has been sentenced after he spent Covid loan funds to help buy a £1.3 million house. Rick Beardsell secured two £50,000 Bounce Back Loans for his Sports Creative Limited company in 2020 and 2021 when businesses were only allowed a single loan. The 46-year-old then moved the Bounce Back Loan…
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Latest quarterly data from UK Finance for Quarter 1 (Q1) has found that there were 58,347 new buy-to-let loans advanced in the UK, worth £10.5 billion. This was up 38.6 per cent by number (46.8 per cent by value) compared with the same quarter in the previous year. The average gross buy-to-let rental yield for…
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Latest Accountant in Bankruptcy figures have shown that business insolvency numbers (liquidations and receiverships) in Scotland for Q1 2025-2026 increased by 17.3% compared with Q1 2024-2025, to a total of 332. The number of business insolvencies (liquidations and receiverships) in Scotland for Q1 2025-2026 increased by 12.9% compared with the previous quarter’s total of 294…
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Latest Accountant in Bankruptcy figures have shown that personal insolvency numbers (bankruptcies and protected trust deeds) in Scotland for Q1 2025-2026 decreased by 5.8% compared with Q1 2024-2025, to a total of 1,935. The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland for Q1 2025-2026 increased by 15.8% compared with the previous…
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New research from HSBC has revealed that three in four people (75%) consider financial compatibility essential. The nationwide survey of 2,000 adults explored how modern couples navigate finances – from dating apps to wedding vows – and the pressures, expectations and unspoken rules that come with spending in relationships. The impact of this silence is clear, with 58%…
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New analysis by HSBC has found that 78 per cent of mortgage brokers have noticed a rise in the amount of lending agreed for their clients. The poll shows that 93% of the brokers surveyed said that it is important for their clients to increase their borrowing power. Nearly two-thirds (63 per cent) of brokers…
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