22nd October 2025 - Credit Connect

Money Wellness and Capital One agree financial support partnership

22nd October 2025 Company News | #debt management partnership

Money Wellness has announced a new partnership with Capital One to provide customers with the tools and guidance they need to help them manage their finances more effectively and improve their financial well-being. The partnership will allow Capital One’s UK customers who show early signs of financial stress to access free Money Wellness support, including…

Inflation holds at 3.8% – industry reaction

22nd October 2025 Commercial Credit Management | #inflation

Latest Office for National Statistics (ONS) data has shown that inflation held at 3.8 per cent in the year to September. Core Inflation came in at 3.5% in the 12 months to September, down from the 3.6% in August and below the forecast 3.7% forecast by the market Commenting on inflation figures for September, ONS Chief…

Mortgage arrears fell by 0.3% in Q3

22nd October 2025 Consumer Collections | #mortgage arrears

Latest data from Pepper Advantage, has found the arrears rate dropped 0.3% in Quarter 3 (Q3) 2025, following a significant 4.4% decline in Q2 2025. The data highlights a rebound in new mortgage originations, which surged by 20.2% compared to the previous quarter. Mortgages saw a 0.2% drop in the arrears rate, although this is a…

Builder hid bankruptcy from customer who paid for home improvements

22nd October 2025 Commercial Credit Management | #fraud

A bankrupt builder who persuaded a customer to pay him more than £30,000 for home improvements he never completed has been sentenced. Wayne Miller deliberately concealed his status as a bankrupt from his victim and abandoned the building project in Canterbury when it was nowhere near finished. He also promised to repay the customer for…

Retiring owners are driving business acquisition funding

22nd October 2025 Alternative Business Lending | #business funding

Plans to retire or step back are the primary motives for business owners looking to sell as part of business acquisition deals, commercial finance brokers have told SME funding provider Asset Advantage. When asked what are the main reasons why business owners are looking to sell, nearly seven in ten commercial finance brokers (69%) said…

City Minister backs drive to tackle economic abuse

22nd October 2025 Arrears and Recoveries | #economic abuse #financial abuse

Surviving Economic Abuse (SEA) – the UK charity dedicated to tackling economic abuse, has launched an industry-leading, practical guide to support financial services firms to identify, prevent, and respond to economic abuse – a dangerous form of domestic abuse. The Government has committed to halving violence against women and girls (VAWG) in a decade. A mission…

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